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FollowingTLDR
SoundHound expanded its corporate influence after completing the transaction with LivePerson, leaving the combined company's balance sheet debt-free. John Collins served as Chief Financial Officer (CFO) after the transaction was completed.
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SoundHound completes the acquisition of LivePerson, targeting future revenue of more than US$500 million
LivePerson's acquisition expands SoundHound's corporate reach and its artificial intelligence platform. SoundHound has written off LivePerson's debt and started consolidation with a clean balance sheet. With SoundHound's financial integration after launching the transaction, John Collins became chief financial officer. The platform integrates voice, chat, text messaging and social media interactions into one system.
SoundHound AI (SOUN) has completed the acquisition of LivePerson, further expanding its corporate influence and customer interaction platform. The combined company expects to generate more than $500 million in future revenue from its existing customer base. SOUN shares were close to US$6.78 during the session before falling 1.11% to close at US$6.66.
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