Mergers & Acquisitions ·
SoundHound completes acquisition of LivePerson, retiring all debt to create debt-free combined entity
SOUNWSoundhound AI, Inc.
SoundHound AI completed its acquisition of LivePerson on September 4, 2026, merging the companies into a single entity with SoundHound as the surviving parent. Former LivePerson CFO John Collins was appointed as SoundHound's new Chief Financial Officer. The transaction involved converting LivePerson shareholders' equity into 0.4673 shares of SoundHound Class A Common Stock per share, while TASE-held shares received $3.31 in cash. Additionally, LivePerson’s secured notes were restructured: holders of First Lien Notes received approximately 25.1 million shares and $2.5 million in cash, while Second Lien Noteholders received roughly 11.8 million shares and $3.3 million in cash. The combined company retired all outstanding debt to establish a debt-free balance sheet. SoundHound AI operates in the artificial intelligence industry, providing voice and agentic conversational AI solutions for enterprise customer engagement.