This record is sourced from an 8-K exhibit (Exhibit 99.1), the joint press release of SoundHound AI and LivePerson dated April 21, 2026, as filed with the SEC. At the time of this filing the deal was newly announced and pending customary regulatory approvals, LivePerson stockholder approval, and other closing conditions, with the parties targeting a close in the second half of 2026.
Barclays served as the financial advisor to SoundHound AI on the acquisition, per the release: "Barclays is serving as financial advisor to SoundHound AI." On the target's side, Lazard served as financial advisor to LivePerson.
Legal counsel to SoundHound AI was provided by Latham & Watkins LLP, while Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to LivePerson.
On deal structure, SoundHound is acquiring LivePerson for an equity value of 43 million dollars, representing approximately a 22 percent premium over the corresponding 30-day volume-weighted average value. At closing, SoundHound expects to receive 74 million dollars of LivePerson's cash balance prior to repayment of LivePerson's 2026 convertible senior notes; after accounting for significant discounts on LivePerson's remaining debt, the release states the transaction implies a total enterprise value of 250 million dollars, with SoundHound planning to retire the discounted debt using a mix of cash and equity at its discretion, leaving the combined company with no debt.
Not disclosed in this exhibit: the precise cash-versus-stock split of the merger consideration paid to LivePerson stockholders, the specific exchange ratio or per-share consideration, any fee arrangement for Barclays or Lazard, and the actual closing date beyond the general expectation of the second half of 2026.