Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Tech · Services-Prepackaged Software

SoundHound AI, Inc. to acquire LivePerson Inc

Announced Apr 21, 2026 · Closed Sep 4, 2026

Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash

Transaction

Acquirer
SoundHound AI, Inc. (SOUN)
Target
LivePerson Inc
Buyer type
Strategic
Offer price per share
—
Enterprise value
—
Status
Closed Sep 4, 2026

Deal protections

Break fee (target pays)
$5.0M
Reverse fee (buyer pays)
—
Go-shop
No-shop
Financing
—

Advisors

To the acquirer
Barclays
To the target
Lazard

Sector context · Tech

Comparable deals
70 in the prior 24 months
Premium
Sector median 40.8%
EV / Adj. EBITDA
Sector median 16.7x
Break fee
Sector median 3.0%

Timeline

  1. AnnouncedApr 21, 2026
  2. Proxy filedJul 9, 2026
  3. Definitive proxyJul 9, 2026
  4. Shareholder voteAug 20, 2026
  5. ClosedSep 4, 2026
Sources
  • 8-K · Apr 21, 2026

Adj. EBITDA is operating income + D&A + impairment, restructuring, deal costs and stock compensation, less any large gain on a sale, last twelve months, from the target's filings. Calculated by Castle, so it can differ from a bank's adjusted figure.

Prepared with Castle from public SEC EDGAR filings. Figures are extracted automatically; verify against the source documents. Not investment advice.