LiveRamp surges after Publicis' $2.2 bln buyout deal

Liveramp Holdings

18/05/2026 13:04

Updates

** Shares of data collaboration company LiveRamp RAMP.N surge 27.7% to $37.88 premarket

** French advertising firm Publicis PUBP.PA agrees to buy RAMP for a total enterprise value of ~$2.2 bln in cash

** PUBP shares gain 3.2%

** Firm to pay $38.50 per RAMP share, implying ~30% to their Friday close of $29.66

** PUBP raises its 2027 and 2028 constant-currency growth targets to 7-8% for net revenue and 8-10% for headline earnings per share, from 6-7% and 7-9%, respectively

        ** Deal seen to close by end-2026; expected to be EPS-accretive from year one

** Five analysts rate RAMP stock "buy" and four "hold", median PT at $36.50 - LSEG-compiled data

** RAMP shares flat YTD, till last close; PUBP has shed over 10% in the same period

 (Reporting by Ronan Corcoran in Gdansk and Purvi Agarwal in Bengaluru)

 ((Ronan.Corcoran@thomsonreuters.com))