---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-062908"
form_type: "8-K"
ticker: "RAMP"
cik: "0000733269"
company_name: "LiveRamp Holdings, Inc."
filed_at: "2026-05-18T10:04:40+00:00"
generated_at: "2026-05-18T10:10:49.386179+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# LiveRamp to be acquired by Publicis for $38.50 per share in cash

## Summary
- Merger consideration of $38.50 per share in cash; Board unanimously recommends approval.
- Transaction subject to stockholder approval, HSR, CFIUS, and non-US antitrust clearances.
- Termination fee of $32.35M each for LiveRamp (superior proposal) and Publicis (regulatory failure).
- Retention awards of $0.5M-$1M each to CEO, CFO, and other executives payable after closing.
- LiveRamp also issued Q4/FY2026 earnings press release, but specific results not included in filing.

## SEC filing metadata
- accession: 0001104659-26-062908
- form_type: 8-K
- ticker: RAMP
- cik: 0000733269
- company_name: LiveRamp Holdings, Inc.
- filed_at: 2026-05-18T10:04:40+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.02, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/733269/000110465926062908/0001104659-26-062908-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/733269/000110465926062908/tm2614904d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-062908
- JSON: https://secwatch.observer/filing/0001104659-26-062908.json
- Plain text: https://secwatch.observer/filing/0001104659-26-062908.txt

## Key facts
- Earnings Releases
  LiveRamp Holdings, Inc. reported financial results for fourth quarter and fiscal year ended March 31, 2026.
  - Period: fourth quarter and fiscal year ended March 31, 2026
  - Result: reported results
  source text: announcing the results of its financial performance for its fourth quarter and fiscal year ended March 31, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/733269/000110465926062908/0001104659-26-062908-index.htm
- Governance Changes
  LiveRamp Holdings, Inc.: Amended and restated bylaws to add exclusive forum provisions for Delaware and federal courts (effective 2026-05-15).
  - Change: bylaw amendment
  - Effective: 2026-05-15
  source text: On May 15, 2026, the Company Board approved an amendment and restatement to the Company’s Second Amended and Restated Bylaws (the “ Bylaws ”, and such amendment and restatement, the “ Third Amended and Restated Bylaws ”). The Third Amended and Restated Bylaws became effective on May 15, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/733269/000110465926062908/0001104659-26-062908-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.