inContact, Inc. entered into an agreement to acquire LiveVox Holdings, Inc. (NasdaqGS:LVOX) from Golden Gate Private Equity, Inc. and others for approximately $430 million on October 3, 2023. As part of consideration, inContact will pay $3.74 in cash for each share of LiveVox Holdings. If the agreement is validly terminated under certain circumstances that, as of the date of this report, have ceased to apply, the LiveVox Holdings will be required to pay inContact, a termination fee equal to $4 million. Upon completion of the transaction, LiveVox will no longer be publicly listed or traded on Nasdaq. The transaction has been approved by the board of directors of both parties and approved by shareholder of LiveVox Holdings. The transaction is subject to regulatory approval and antitrust approval. The transaction is expected to close in the first half of 2024.

Lee Hochbaum of Davis Polk & Wardwell acted as legal advisor to NICE and Monica Shilling and Dov Kogen of Kirkland & Ellis acted as legal advisor to LiveVox Holdings. Jefferies LLC acted as financial and fairness opinion provider to LiveVox and will receive a fee of $7.5 million, of which a portion was payable upon delivery of Jefferies? opinion to the Board and approximately $6.65 million is payable contingent upon consummation of the Merger. The transaction is expected to be cash flow positive and accretive to NICE?s operating income, operating margin and non-GAAP EPS during 2024.

inContact, Inc. completed the acquisition of LiveVox Holdings, Inc. (NasdaqGS:LVOX) from Golden Gate Private Equity, Inc. and others on December 22, 2023. The total amount of consideration payable to inContact?s security holders in connection with the merger was approximately $374 million.