Acxiom Corp. of Little Rock announced Wednesday that its company, LiveRamp of San Francisco, has closed on its acquisition of marketing startups Arbor of New York City and Circulate of Philadelphia.
The company announced on Nov. 17 that it would acquire the startups for about $140 million and issue $50 million of Acxiom stock awards replacing unvested equity.
But another $20 million worth of stock awards will be issued to 40 new hired and non-executive employees to persuade them to stay with the company, according to Acxiom’s most recent Securities & Exchange Commission filing. That brings the total awards the company is issuing to about $70 million.
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