LivePerson shareholders have finally said yes. A special meeting reconvened on September 2 cleared the acquisition by SoundHound AI, after an August 20 session was adjourned short of the required majority. Closing is expected on September 4.
Approval mechanics made the vote unusually hard. The deal needed support from a majority of all outstanding shares, so silence counted as a no. More than 97 percent of ballots cast favored the merger, yet the binding threshold stayed out of reach until the second meeting. LivePerson had warned that rejection meant going it alone under heavy debt.
Terms have shifted since the April signing. Equity value sits at $43M, a premium of roughly 22 percent over LivePerson’s 30-day average share price. Enterprise value lands near $250M once cash and debt are adjusted. An amended pact in July turned Tel Aviv-listed shares into cash, capped at $7.5M, sidestepping Israeli securities delays. Other holders take SoundHound stock within a $7 to $12 collar.
On paper the two fit together cleanly. SoundHound contributes the voice and agentic layer, LivePerson the messaging rails. Their enterprise client base stretches past 30 countries and takes in 25 Fortune 100 names, four of the top five airlines, and four of the top five automakers. LivePerson’s platform carries nearly a billion customer messages every month.
SoundHound projects 2027 revenue of $350M to $400M, and says the inherited customer base alone could carry the business to $500M.
