LiveRamp to be acquired by Publicis for $38.50/share cash in deal expected to close by May 2027

Filed May 18, 2026 · Period ending May 15, 2026 · ~2 min read

Key Changes

• high

  Publicis Groupe will acquire LiveRamp for $38.50 per share in all-cash transaction. Board unanimously approved the deal as fair to stockholders. Merger expected to close by May 2027 subject to shareholder vote and regulatory approvals including HSR and CFIUS.

  Item 1.01: Merger Agreement verify on EDGAR →
• medium

  All outstanding stock options, RSUs, and PSUs will convert to restricted cash awards based on the $38.50 merger price. Awards include accelerated vesting protection for qualifying terminations within 24 months after closing.

  Item 1.01: Equity Awards verify on EDGAR →
• medium

  Either party may owe $32.35 million termination fee under specific circumstances. LiveRamp pays if it accepts a superior proposal; Publicis pays if deal fails due to regulatory approval delays after outside date when other conditions are met.

  Item 1.01: Termination Fees verify on EDGAR →