The deal price represents a premium of 12% over LVOX's last closing price.
Under the deal, NICE's CXone platform joins LiveVox's proactive outreach portfolio to offer organizations a unified platform for deploying conversational AI across various customer engagements.
The transaction is expected to close in the first half of 2024, subject to regulatory clearances and other customary closing conditions.
"The era of Digital Engagement is already here and we are excited to enable organizations to propel their Digital Engagement and Conversational AI forward. In joining forces with LiveVox we now have the strongest and broadest proactive outreach portfolio," said Barak Eilam, CEO of NICE.
Upon completion of the transaction, LiveVox will no longer be publicly listed or traded on Nasdaq.
Price Action: LVOX shares are trading higher by 8.083% to $3.61 on the last check Wednesday, while NICE shares are trading lower by 0.57% to $167.76.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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