LiveRamp (RAMP) Proxy filing summary

Executive summary

• Publicis announced an all-cash acquisition of LiveRamp for an enterprise value of $2.2 billion, aiming to become a leader in data co-creation and agentic business transformation for clients.

• The transaction is expected to be accretive to headline EPS from the first year and will raise 2027–2028 objectives for net revenue and headline EPS annual growth at constant currency.

• LiveRamp is a global data collaboration platform with $813 million in FY26 net revenue, a 22.4% non-GAAP EBIT margin, and a 13% five-year CAGR, with 75.6% of revenue from subscriptions and 107% net retention.

• The deal is subject to regulatory and shareholder approvals, with closing expected by year-end 2026.

Voting matters and shareholder proposals

• LiveRamp shareholders will vote to approve the proposed transaction, with proxy statements to be filed and mailed to shareholders.

• Investors are urged to read all proxy materials before voting, as they will contain important information about the transaction.

Board of directors and corporate governance

• Scott Howe will remain CEO of LiveRamp, reporting directly to the Publicis Groupe Chairman and CEO.

• LiveRamp will continue to operate as an independent business within Publicis, mapped to the technology pillar for reporting.