LivePerson CEO John Sabino framed the endorsement as a validation of the board’s decision to prioritize shareholder value over the risks associated with the firm's current standalone path. The proposed deal, which values LivePerson shares at approximately $3.33 based on April 2026 figures, offers a 22% premium over the 30-day volume-weighted average price recorded prior to the initial announcement.
Glass Lewis Backs LivePerson’s SoundHound AI Merger
Glass Lewis & Co. has advised LivePerson stockholders to vote in favor of the company’s proposed acquisition by SoundHound AI. The recommendation from the influential proxy advisory firm marks a pivotal development ahead of the upcoming August 20, 2026, special meeting, providing a significant boost to the board's consolidation strategy.
Beyond the immediate valuation, the merger aims to resolve LivePerson’s debt load, which currently exceeds the transaction’s total value. By integrating into SoundHound AI, shareholders gain equity in a combined entity with a stated goal of reaching up to $500 million in annual revenue. The resulting company would command a footprint spanning 25 Fortune 100 firms, leveraging unified capabilities in voice, digital engagement, and agentic AI. With the August 20 deadline approaching, the company is intensifying its push for shareholder participation, noting that failure to vote will be counted as a vote against the merger.
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