After falling by 99%: Liveperson ends its journey as a public company

According to the various reports, when the deal is completed, the buyer is expected to receive about $74 million from cash in Liveperson’s coffers, before the repayment of convertible bonds from 2026. After taking into account significant discounts on Liveperson’s remaining debt, the transaction reflects a total value (Enterprise Value) of approximately 250 million dollars.

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The combination unites SoundHound’s voice AI platform with LivePerson’s digital interaction capabilities. The acquisition, it is hoped, is also expected to add revenue and increase the scope of SoundHound AI’s operations, and strengthen its position in the field of voice AI and agentic for many of the world’s leading enterprise companies.

Liveperson, which was traded at its peak (during the Corona period) at a value of about 5 billion dollars, went through an accelerated process of loss of investor confidence, from an activist struggle to a failed recovery attempt, which ended in an almost complete erosion of value, it fell by 99% from the peak, to a value of only about 40 million dollars, today.

It was founded in 1995 in the US by Rob Luxio, who served as CEO of the company until August 2023, and left due to pressure from activist investors. A few years after its establishment, it acquired a start-up in Israel, established the development center on its basis, and later was also issued on the Israeli stock exchange, where it is now traded.

SoundHound (SoundHound AI) from California specializes in artificial intelligence (AI) technologies for voice and speech recognition. The company is best known for its music recognition app, but today it focuses on providing voice solutions for businesses in the automotive, restaurant and customer service sectors.