May 28, 2022
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Sonos misses analyst estimates, acquires AI platform Snips

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Santa Barbara speaker system manufacturer Sonos announced its $37.5 million cash acquisition of a voice assistant that prioritizes privacy, following a fourth quarter that saw nearly 8 percent revenue growth but missed analyst estimates for net losses. The acquisition of Paris-based AI platform Snips closed Nov. 14, Sonos said. The company reported $294 million in…

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