What's at stake: The deal allows Acxiom to offload its Marketing Solutions division, which took a hit when Facebook began cracking down on third-party data brokers after the Cambridge Analytica data scandal. It gives IPG access to billions of consumer data sets to its grow its data-driven, ad-buying business.

• Analysts note that the acquisition reaffirms IPG's commitment to remaining a publicly-traded company.
• Arun Kumar, IPG’s first global chief data and marketing technology officer, will oversee the acquisition.
• But, but, but: Senior advertising analyst Brian Weiner warns in a Wall Street Journal interview that the acquisition could pose some risk to IPG, given all of the public and regulatory attention around data privacy.

Acxiom will remain a publicly-traded company, and will retain LiveRamp, a platform that helps mine, identify and move data that it acquired in 2014. LiveRamp has since become its fastest-growing division.

• Acxiom says it will rename its company "LiveRamp" and will begin trading its common stock under the new ticker symbol “RAMP."
• Acxiom says it's offloading its marketing solutions business, which accounts for the majority of its revenue, to help drive greater financial flexibility for further deals down the line.
• The transaction is expected to close in the third quarter of 2018, pending regulatory approval.

Between the lines: Acxiom had been looking to sell off its marketing solutions business for some time. Several agencies were interested in the acquisition, according to previous reports.

• Acxiom says it finally sold to IPG because it offered an all-cash transaction and because of the strong working relationship the two companies have already created.
• Acxiom and IPG formed a global partnership late last year to strengthen IPG’s data and analytics capabilities for its media buying and digital agencies, Initiative and UM.