SoundHound AI Announces All-Stock Acquisition of LivePerson, Shares Fall 5.65%
SoundHound AI (SOUN) shares fell 5.65% following the announcement of an all-stock acquisition of LivePerson, valued at approximately $250 million. The deal is expected to create a leading force in conversational AI, with management projecting $350 million to $500 million in revenue by 2027. The broader market also saw declines, with the S&P 500 and Nasdaq Composite down 0.6%.
