SoundHound AI closes LivePerson deal valued at about $250M

SoundHound AI completed its acquisition of conversational AI vendor LivePerson two days after LivePerson stockholders approved it, adding a digital messaging platform that serves 25 of the Fortune 100. (SoundHound AI press release (GlobeNewswire); LivePerson Form 425 (stockholder approval, Sep 2); LivePerson IR (deal announcement, Apr 21); Pulse 2.0 (stockholder vote))

The deal, announced April 21, carried a $43M equity value and an enterprise value of about $250M including LivePerson's discounted debt, which SoundHound retired at closing. LivePerson stock stops trading on Nasdaq. Former LivePerson CFO and interim CEO John Collins becomes SoundHound's CFO. (SoundHound AI press release (GlobeNewswire); LivePerson Form 425 (stockholder approval, Sep 2); LivePerson IR (deal announcement, Apr 21); Pulse 2.0 (stockholder vote))