$SOUN (SOUNDHOUND AI) — 8-K: SoundHound AI closes LivePerson acquisition; targets $500M+ future revenue

SoundHound AI completed its acquisition of LivePerson, creating a combined customer base that includes 25 of the Fortune 100 and an IP portfolio of over 750 patents. The company says the deal positions it to target more than $500M in future revenue from the existing customer base alone. The combined balance sheet is fully debt-free. John Collins, formerly of LivePerson, was appointed CFO.

SoundHound AI completed its acquisition of LivePerson, creating a combined customer base that includes 25 of the Fortune 100 and an IP portfolio of over 750 patents. The company says the deal positions it to target more than $500M in future revenue from the existing customer base alone. The combined balance sheet is fully debt-free. John Collins, formerly of LivePerson, was appointed CFO.