Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Acxiom Shares Plummet By 21%, 2 Days After LiveRamp Acquisition

by admin
May 16, 2014
in BI & Analytics, News
Home Topics Data Science BI & Analytics
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on e-mail

Acxiom announced on Wednesday that it had agreed to acquire ad-tech startup LiveRamp, a company that helps marketers use their offline CRM and transactional data on the web. The deal will cost $310 million and is expected to close mid-summer.

When LiveRamp started in 2012, it had 116 clients. This figure quickly rose to 223 in 2013, where the company experienced 92 percent growth and an increase in revenue by 143 percent.

However, today shares of Acxiom plummeted by 21 percent, translating to a net loss of $0.38 per diluted share. According to Dan Salmon, an analyst at BMO Capital Markets, investors are sceptical about the deal between the two companies because they do not understand LiveRamp’s business, or how it will help Acxiom. “Most investors aren’t very familiar with this company and they paid a lot for it, and it was very dilutive to earnings,” said Salmon.

Moreover, investors have noted that the deal looked expensive. Given that the Acxiom executives are expecting $25 million to $30 million in revenue from LiveRamp in the fiscal year ending March 2016, the $310 million acquisition has caused skepticism over Acxiom’s purchase.

As Elizabeth Dwoskin commented on the Wall Street Journal, Acxiom shares are down 42 percent this year – including Thursday’s sell-off – and investors are concerned about whether the company “can navigate a transition from storing data to serve direct mail and email marketing, to a player in the faster-growing digital-advertising world.”


Join the Partisia Blockchain Hackathon, design the future, gain new skills, and win!


Acxiom declined to comment on the news.

Read more here and here

(Image Credit: Andreas Poike)

Tags: AcquisitionAcxiomNews

Related Posts

How did ChatGPT passed an MBA exam

How did ChatGPT passed an MBA exam?

January 27, 2023
What is Analytics as a Service (AaaS): Examples

Transform your data into a competitive advantage with AaaS

January 26, 2023
Google code red: ChatGPT and You.com like AI-powered tools threatening the search engine. Moreover, latest Apple Search rumors increased the danger.

Google code red: ChatGPT, You.com and rumors of Apple Search challenge the dominance of search giant

January 26, 2023
Top 4 business intelligence reporting tools       

Transforming data into insightful information with BI reporting

January 25, 2023
T-Mobile data breach 2023 explained: Learn how did the leak happen and explore T-Mobile data breach history. It is not the first time of the company

T-Mobile data breach 2023: The telecom giant got hacked eight times in the last six years

January 20, 2023
Microsoft layoffs 2023: Amazon job cuts that affect 11,000 employees explained. Big tech layoffs continue... Learn why and what will happen next.

Microsoft layoffs will affect more than 11,000 employees

January 18, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST ARTICLES

BuzzFeed ChatGPT integration: Buzzfeed stock surges after the OpenAI deal

Adversarial machine learning 101: A new cybersecurity frontier

Fostering a culture of innovation through digital maturity

Nvidia Eye Contact AI can be the savior of your online meetings

How did ChatGPT passed an MBA exam?

AI prompt engineering is the key to limitless worlds

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy
  • Partnership
  • Writers wanted

Follow Us

  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.