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4 stories mentioning LPSNUpdated 9d ago

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Wire

SoundHound AI Completes LivePerson Acquisition; Names John Collins Finance Chief

SoundHound AI (SOUN) said Friday it has completed its acquisition of LivePerson (LPSN) and appointed John Collins as chief financial officer of the combined company.Collins has previously served as founder, CFO, COO and interim CEO at LivePerson.The acquisition combined LivePerson's enterprise digital messaging platform with SoundHound's voice agentic AI technology.SoundHound said the combined company is targeting more than $500 million in future revenue from its existing customer base.Price: $6.66, Change: $-0.08, Percent Change: -1.19%

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Wire

LivePerson Stockholders Approve Acquisition by SoundHound AI

LivePerson (LPSN) stockholders approved the company's acquisition by SoundHound AI (SOUN) at a special meeting.The transaction is expected to close Friday, LivePerson said Wednesday in a statement.LivePerson shares rose 2% in Wednesday trading, and SoundHound fell 1.6%.Price: $3.03, Change: $+0.06, Percent Change: +2.02%

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Wire

LivePerson Adjourns Stockholder Meeting on SoundHound Merger

LivePerson (LPSN) said Thursday its special meeting of stockholders was convened and immediately adjourned to Sept. 2.The company said more than 97% of shares voting to date were in favor of its merger with SoundHound AI (SOUN), based on preliminary results, but the transaction requires approval from a majority of all outstanding shares.LivePerson said it is only a few percentage points short of reaching the required threshold and urged stockholders who have not voted to do so.Shares of LivePerson were down 4% in Thursday trading.Price: $2.77, Change: $-0.12, Percent Change: -3.99%

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Wire

SoundHound AI to Acquire LivePerson for $43 Million

SoundHound AI (SOUN) said Tuesday it has agreed to acquire LivePerson (LPSN) for $43 million.Under deal terms, SoundHound AI will get $74 million of LivePerson's cash balance prior to repayment of the 2026 convertible senior notes and at closing, SoundHound will retire the discounted debt with a mix of cash and equity, the companies said.SoundHound AI further anticipates that its 2027 revenue range will be $350 million to $400 million at its minimum level, with at least $100 million of growable contribution from LivePerson's long-tenured customers, the companies added.The transaction is expected to close in H2, subject to customary regulatory approvals and closing conditions.Shares of SoundHound AI and LivePerson were up 1.2% and 1.5% in early Tuesday trading.Price: $8.52, Change: $+0.20, Percent Change: +2.34%

$LPSN$SOUN

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