AcquisitionsMay 17, 2026, 12:03 PM
LiveRamp to be Acquired by Publicis Groupe for $2.5B Equity Value
AI Summary
LiveRamp Holdings, Inc. announced a definitive agreement to be acquired by Publicis Groupe for $2.5 billion in an all-cash transaction, representing a 30% premium. This strategic move coincides with strong financial results for Q4 and fiscal year 2026, including a 9% increase in Q4 revenue to $206 million and a record annual operating cash flow of $168 million for FY26. The company also highlighted its advancements in AI capabilities and expanded partnerships.
Key Highlights
- LiveRamp to be acquired by Publicis Groupe for $38.50 per share in an all-cash transaction, valuing equity at $2.5 billion.
- The acquisition price represents a 30% premium to LiveRamp's closing stock price on May 15, 2026.
- Q4 FY26 total revenue increased 9% year-over-year to $206 million.
- Q4 FY26 Annual Recurring Revenue (ARR) was up 8% year-over-year to $545 million.
- FY26 total revenue increased 9% year-over-year to $813 million.
- FY26 record annual Operating Cash Flow of $168 million.
- FY26 share repurchases totaled $194 million for approximately 7.1 million shares.
- Subscription Net Retention improved to 107% for FY26.
Price Impact
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