Debevoise & Plimpton LLP advised Sonos on the deal.
Sonos, Inc. (Nasdaq: SONO) executed the acquisition of Snips SAS, for approximately $37.5 million, subject to purchase price adjustments and holdbacks.
The acquisition will bring a talented group of employees and strategic IP to Sonos to make the voice experience on Sonos even better.
Founded in 2013 and based in Paris, France, the Snips team, comprised of over 50 talented engineering, machine learning and product development professionals, has built a leading platform and tools for creating tailored voice experiences. Its full-stack solution is built with proprietary technology allowing for voice processing on the device.
Sonos is an AI voice platform for connected devices that provides private-by-design voice technology. As the inventor of multi-room wireless home audio, Sonos innovation helps the world listen better by giving people access to the content they love and allowing them to control it however they choose. Known for delivering an unparalleled sound experience, thoughtful home design aesthetic, simplicity of use and an open platform, Sonos makes the breadth of audio content available to anyone.
The Debevoise team was led by New York based M&A partner Paul Bird (Picture) and included M&A international counsel Phillippe Tengelmann, corporate associate Rosanne Lariven and international tax counsel Eric Berengier of the Debevoise Paris office.
Law Firms: Debevoise & Plimpton;