LiveRamp Holdings, Inc. (RAMP) · Nov 2, 2026 · Acquisition
$2.5B acquisition — $38.50 cash per share
LiveRamp’s acquisition by Publicis is complete at $38.50 per share. The closing ends LiveRamp’s NYSE listing and public reporting life.
LiveRamp was being repositioned inside Publicis as a data and identity platform supporting more integrated advertising and AI-agent use cases; the May 2026 deal already established the strategic direction and fixed the cash price at $38.50 per share.
The acquisition has formally closed, not changed. MMS USA Holdings completed the previously announced merger, with LiveRamp surviving as a wholly owned subsidiary. 〔0〕
The key economic terms were already known. Each eligible share converts into the right to receive $38.50 in cash, so this filing delivers the agreed consideration rather than improving or weakening the deal economics.
LiveRamp’s standalone public-company story is over. Its NYSE trading was halted and its shares removed from listing, with deregistration and suspension of reporting obligations to follow. 〔1〕
The only incremental operating detail is transition-related. Existing directors and executive officers stepped down as part of the merger, while a $1.625 million retention award for Chief Product Officer Matt Karasick is contingent on signing an employment agreement by November 30, 2026.
Bottom line: This filing completes a transformational ownership change, but it does not surprise the market or alter the price, strategic rationale, or transaction terms already disclosed. It is closure of the deal, not a new read on LiveRamp’s operating performance.
Form 15 filing to suspend reporting obligations
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