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Why LiveRamp Stock Soared Today

TheMotleyFool

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Why LiveRamp Stock Soared Today: https://g.foolcdn.com/editorial/images/870861/artifical-intelligence-gettyimages-1276832742.jpg

Shares of LiveRamp (NYSE: RAMP) surged on Monday after the data collaboration platform agreed to be acquired by French marketing communications giant Publicis Groupe (OTC: PUBGY).

Image source: Getty Images.

Under the terms of the deal, Publicis would buy LiveRamp for $38.50 per share in cash. That's a premium of nearly 30% to its closing stock price on Friday. The agreement values LiveRamp at roughly $2.2 billion.

Source Fool.com