Stock Track | SoundHound AI Soars 9.01% in Pre-Market on LivePerson Acquisition Announcement

Stock Track

Apr 21

SoundHound AI Inc's stock surged 9.01% during pre-market trading on Tuesday, significantly outperforming its sector peers.

The sharp rise follows the company's announcement that it will acquire LivePerson, combining SoundHound's proprietary voice agentic AI with LivePerson's digital messaging capabilities to create what the company describes as a world-leading end-to-end omnichannel conversational AI platform.

The acquisition deal implies a total enterprise value of $250 million, with SoundHound paying $43 million in equity value for LivePerson, representing a 22% premium over LivePerson's 30-day volume-weighted average price.

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