Investigation Launched into LiveRamp Sale to Publicis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 46 minutes ago
0mins
Should l Buy RAMP?
Source: Globenewswire
- Shareholder Rights Investigation: Johnson Fistel, PLLP has initiated an investigation into whether LiveRamp's board breached fiduciary duties in the proposed sale to Publicis, aiming to ensure shareholders receive fair value in the transaction.
- Acquisition Agreement Details: On May 17, 2026, LiveRamp announced a definitive merger agreement with Publicis, where Publicis will acquire LiveRamp for $38.50 per share in cash, with the transaction expected to close by year-end 2026, pending regulatory and shareholder approvals.
- Maximizing Shareholder Value: The investigation will assess whether LiveRamp's board conducted a fair process to maximize shareholder value, ensuring that shareholders receive adequate compensation, reflecting a commitment to shareholder interests.
- Law Firm Background: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm that has recovered approximately $90.725 million for clients in securities class actions, demonstrating its strength and experience in advocating for investor rights.
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Analyst Views on RAMP
Wall Street analysts forecast RAMP stock price to rise
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 29.660
Low
31.00
Averages
40.33
High
53.00
Current: 29.660
Low
31.00
Averages
40.33
High
53.00
About RAMP
LiveRamp Holdings, Inc. is a data collaboration technology company. The Company’s data collaboration network seamlessly unites data across advertisers, platforms, publishers, data providers, and commerce media networks. It offers flexibility to collaborate wherever data lives to support a range of data collaboration use cases. The LiveRamp Data Collaboration Platform enables an organization to unify customer and prospect data (first, second, or third-party) to build a single view of the customer in a way that protects consumer privacy. First-party data is data collected firsthand through a company’s-controlled channels. Second-party data is data that a company shares directly with a business partner. Third-party data is data collected and sold by a company through an online data marketplace to companies with which it does not have a direct relationship. It serves a global customer base from locations in the United States, Europe, and the Asia-Pacific (APAC) region.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
LiveRamp Reports $70.9 Million Profit in Q4
- Quarterly Profit Performance: LiveRamp reported a profit of $70.9 million in its fiscal fourth quarter, translating to earnings of $1.12 per share, which reflects the company's stable profitability in the data services sector and boosts investor confidence.
- Adjusted Earnings: The adjusted earnings per share stood at $0.52 after excluding one-time gains and costs, indicating positive progress in cost control and operational efficiency, which may attract more institutional investor interest.
- Annual Performance Overview: The company achieved an annual profit of $146 million, or $2.24 per share, showcasing sustained growth and profitability in the data services market, further solidifying its market position.
- Revenue Growth Trend: With total annual revenue reported at $812.9 million, the strong demand in the data services sector is evident, providing a solid foundation for future business expansion and investment opportunities.
See More
LiveRamp Reports 9% Revenue Growth in Q4, Reaching $206 Million
- Strong Financial Performance: LiveRamp reported total revenue of $206 million in Q4, a 9% year-over-year increase, with subscription revenue reaching $158 million, indicating robust demand for its data collaboration platform and further solidifying its market position.
- Growing Subscription Revenue: The Annual Recurring Revenue (ARR) increased by 8% to $545 million, demonstrating ongoing customer trust and reliance on LiveRamp's services, which enhances the company's revenue stability for the future.
- Acquisition Agreement Reached: LiveRamp entered into a definitive agreement with Publicis Groupe to acquire all outstanding shares at $38.50 per share in an all-cash transaction valued at $2.5 billion, reflecting market recognition of LiveRamp's platform value and expected to accelerate data collaboration and AI capabilities delivery.
- Significant Shareholder Returns: In fiscal year 2026, LiveRamp returned over 100% of its operating cash flow to shareholders through share repurchases totaling $194 million, demonstrating a strong commitment to financial health and shareholder value creation.
See More
Investigation Launched into LiveRamp Sale to Publicis
- Shareholder Rights Investigation: Johnson Fistel, PLLP has initiated an investigation into whether LiveRamp's board breached fiduciary duties in the proposed sale to Publicis, aiming to ensure shareholders receive fair value in the transaction.
- Acquisition Agreement Details: On May 17, 2026, LiveRamp announced a definitive merger agreement with Publicis, where Publicis will acquire LiveRamp for $38.50 per share in cash, with the transaction expected to close by year-end 2026, pending regulatory and shareholder approvals.
- Maximizing Shareholder Value: The investigation will assess whether LiveRamp's board conducted a fair process to maximize shareholder value, ensuring that shareholders receive adequate compensation, reflecting a commitment to shareholder interests.
- Law Firm Background: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm that has recovered approximately $90.725 million for clients in securities class actions, demonstrating its strength and experience in advocating for investor rights.
See More
Publicis Acquires LiveRamp for $2.5 Billion in Cash
- Acquisition Deal: Publicis Groupe has agreed to acquire LiveRamp for $2.5 billion in cash, with a purchase price of $38.50 per share, representing a 29.8% premium over its May 15 closing price, aimed at enhancing its data and AI capabilities, which is expected to drive future growth.
- Market Reaction: LiveRamp's stock surged 26%, reflecting positive market sentiment towards the acquisition, while Publicis also raised its growth targets for net revenue and headline EPS for 2027 and 2028, indicating confidence in future performance.
- Industry Impact: Dominion Energy's shares rose 12% as NextEra Energy is reportedly in talks to acquire Dominion in a mostly stock deal valued at approximately $66 billion, which would become the largest utility acquisition on record and significantly strengthen NextEra's position in the PJM power market.
- Bankruptcy Filing: Bitcoin Depot's stock plummeted 63% after the company filed for Chapter 11 bankruptcy protection in the U.S., seeking to wind down operations and pursue asset sales, primarily due to rising compliance costs and regulatory pressures that have severely impacted its financial position.
See More
Publicis Acquires LiveRamp for $2.5 Billion in Cash
- Acquisition Overview: Publicis Groupe announced its acquisition of data collaboration platform LiveRamp for $2.5 billion in cash, paying $38.50 per share, which represents a 29.8% premium over the last trading day before the announcement, significantly enhancing Publicis's capabilities in data and artificial intelligence.
- Strong Market Reaction: Following the announcement, LiveRamp's shares surged 26% in premarket trading to $37.30, reflecting positive market sentiment towards the acquisition and investor confidence in the accelerating consolidation within the ad-tech sector.
- Upgraded Growth Targets: Publicis also raised its net revenue and headline earnings per share growth targets for 2027 and 2028 to 7%-8% and 8%-10%, respectively, indicating a bullish outlook on future performance and reinforcing its competitive position in the advertising market.
- Industry Consolidation Trend: This acquisition signifies the accelerating consolidation in the ad-tech space, with LiveRamp's stock having risen 8% year-to-date, and Publicis's purchase is expected to enhance its service offerings to brands in a highly fragmented media landscape.
See More
LiveRamp Q4 Earnings Beat Expectations with Significant Revenue Growth
- Strong Earnings Report: LiveRamp reported Q4 GAAP EPS of $1.12, beating expectations by $0.85, indicating robust profitability and reflecting its competitive edge in the ad-tech sector.
- Revenue Growth: Total revenue for Q4 reached $206 million, a 9% year-over-year increase, with subscription revenue at $158 million, also up 9%, and marketplace & other revenue at $49 million, up 11%, showcasing the company's success in diversifying its revenue streams.
- Cash Flow Performance: Although net cash provided by operating activities was $59 million, slightly down from $63 million year-over-year, the company achieved a record annual operating cash flow of $168 million in FY26, demonstrating ongoing financial health.
- Share Buybacks: The company executed $194 million in share repurchases in FY26, reflecting management's confidence in future growth while also creating additional value for shareholders.
See More
LiveRamp Reports $70.9 Million Profit in Q4
- Quarterly Profit Performance: LiveRamp reported a profit of $70.9 million in its fiscal fourth quarter, translating to earnings of $1.12 per share, which reflects the company's stable profitability in the data services sector and boosts investor confidence.
- Adjusted Earnings: The adjusted earnings per share stood at $0.52 after excluding one-time gains and costs, indicating positive progress in cost control and operational efficiency, which may attract more institutional investor interest.
- Annual Performance Overview: The company achieved an annual profit of $146 million, or $2.24 per share, showcasing sustained growth and profitability in the data services market, further solidifying its market position.
- Revenue Growth Trend: With total annual revenue reported at $812.9 million, the strong demand in the data services sector is evident, providing a solid foundation for future business expansion and investment opportunities.
See More
LiveRamp Reports 9% Revenue Growth in Q4, Reaching $206 Million
- Strong Financial Performance: LiveRamp reported total revenue of $206 million in Q4, a 9% year-over-year increase, with subscription revenue reaching $158 million, indicating robust demand for its data collaboration platform and further solidifying its market position.
- Growing Subscription Revenue: The Annual Recurring Revenue (ARR) increased by 8% to $545 million, demonstrating ongoing customer trust and reliance on LiveRamp's services, which enhances the company's revenue stability for the future.
- Acquisition Agreement Reached: LiveRamp entered into a definitive agreement with Publicis Groupe to acquire all outstanding shares at $38.50 per share in an all-cash transaction valued at $2.5 billion, reflecting market recognition of LiveRamp's platform value and expected to accelerate data collaboration and AI capabilities delivery.
- Significant Shareholder Returns: In fiscal year 2026, LiveRamp returned over 100% of its operating cash flow to shareholders through share repurchases totaling $194 million, demonstrating a strong commitment to financial health and shareholder value creation.
See More
Investigation Launched into LiveRamp Sale to Publicis
- Shareholder Rights Investigation: Johnson Fistel, PLLP has initiated an investigation into whether LiveRamp's board breached fiduciary duties in the proposed sale to Publicis, aiming to ensure shareholders receive fair value in the transaction.
- Acquisition Agreement Details: On May 17, 2026, LiveRamp announced a definitive merger agreement with Publicis, where Publicis will acquire LiveRamp for $38.50 per share in cash, with the transaction expected to close by year-end 2026, pending regulatory and shareholder approvals.
- Maximizing Shareholder Value: The investigation will assess whether LiveRamp's board conducted a fair process to maximize shareholder value, ensuring that shareholders receive adequate compensation, reflecting a commitment to shareholder interests.
- Law Firm Background: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm that has recovered approximately $90.725 million for clients in securities class actions, demonstrating its strength and experience in advocating for investor rights.
See More
Publicis Acquires LiveRamp for $2.5 Billion in Cash
- Acquisition Deal: Publicis Groupe has agreed to acquire LiveRamp for $2.5 billion in cash, with a purchase price of $38.50 per share, representing a 29.8% premium over its May 15 closing price, aimed at enhancing its data and AI capabilities, which is expected to drive future growth.
- Market Reaction: LiveRamp's stock surged 26%, reflecting positive market sentiment towards the acquisition, while Publicis also raised its growth targets for net revenue and headline EPS for 2027 and 2028, indicating confidence in future performance.
- Industry Impact: Dominion Energy's shares rose 12% as NextEra Energy is reportedly in talks to acquire Dominion in a mostly stock deal valued at approximately $66 billion, which would become the largest utility acquisition on record and significantly strengthen NextEra's position in the PJM power market.
- Bankruptcy Filing: Bitcoin Depot's stock plummeted 63% after the company filed for Chapter 11 bankruptcy protection in the U.S., seeking to wind down operations and pursue asset sales, primarily due to rising compliance costs and regulatory pressures that have severely impacted its financial position.
See More
Publicis Acquires LiveRamp for $2.5 Billion in Cash
- Acquisition Overview: Publicis Groupe announced its acquisition of data collaboration platform LiveRamp for $2.5 billion in cash, paying $38.50 per share, which represents a 29.8% premium over the last trading day before the announcement, significantly enhancing Publicis's capabilities in data and artificial intelligence.
- Strong Market Reaction: Following the announcement, LiveRamp's shares surged 26% in premarket trading to $37.30, reflecting positive market sentiment towards the acquisition and investor confidence in the accelerating consolidation within the ad-tech sector.
- Upgraded Growth Targets: Publicis also raised its net revenue and headline earnings per share growth targets for 2027 and 2028 to 7%-8% and 8%-10%, respectively, indicating a bullish outlook on future performance and reinforcing its competitive position in the advertising market.
- Industry Consolidation Trend: This acquisition signifies the accelerating consolidation in the ad-tech space, with LiveRamp's stock having risen 8% year-to-date, and Publicis's purchase is expected to enhance its service offerings to brands in a highly fragmented media landscape.
See More
LiveRamp Q4 Earnings Beat Expectations with Significant Revenue Growth
- Strong Earnings Report: LiveRamp reported Q4 GAAP EPS of $1.12, beating expectations by $0.85, indicating robust profitability and reflecting its competitive edge in the ad-tech sector.
- Revenue Growth: Total revenue for Q4 reached $206 million, a 9% year-over-year increase, with subscription revenue at $158 million, also up 9%, and marketplace & other revenue at $49 million, up 11%, showcasing the company's success in diversifying its revenue streams.
- Cash Flow Performance: Although net cash provided by operating activities was $59 million, slightly down from $63 million year-over-year, the company achieved a record annual operating cash flow of $168 million in FY26, demonstrating ongoing financial health.
- Share Buybacks: The company executed $194 million in share repurchases in FY26, reflecting management's confidence in future growth while also creating additional value for shareholders.
See More
