June 25 LivePerson Inc. (LPSN.O) said it agreed to acquire Israel-based Kasamba Inc. for about $40 million to accelerate its expansion into the direct-to-consumer market.
The deal comprised $9 million in cash and about $31 million in stock, the company said.
LivePerson expects a decrease in fourth-quarter earnings primarily due to deal-related amortization and additional stock compensation expense of 1 cent a share to 2 cents a share. The company also sees an increase in monthly revenue of about $1 million upon closing, it said in a statement. (Reporting by Purwa Khandelwal in Bangalore)