Signal Break: The Real Take on the LiveRamp Acquisition by Publicis Groupe

The independent infrastructure era may be ending. In this inaugural Signal Break, we unpack one of the most consequential AdTech deals in years: Publicis Groupe acquiring LiveRamp.Joined by Bob Walczak and Krish Raja, we break down what this deal really means for identity, clean rooms, publishers, UID2, systems integrators, and the future of the open internet.Is this the end of “neutral” identity infrastructure?Are HoldCos becoming walled gardens?Does agentic AI accelerate consolidation—or make it obsolete?We get into all of it.This is the first official Signal Break: rapid-response episodes covering the biggest shifts happening across AdTech, AI, media, and infrastructure in real time. Enjoy!