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Telecom Italia Sells Loquendo To US's Nuance Communications

MILAN -(Dow Jones)- Italian telecommunication company Telecom Italia SpA (TIT.MI) said Saturday it has sold a voice technology unit, Loquendo, to U.S. company Nuance Communications Inc. (NUAN) for an enterprise value of EUR53 million ($75.5 million). The sale of Loquendo is part of a wider rationalization plan already announced by Telecom Italia earlier this year. In a statement, Telecom Italia said that Nuance is committed to keep the company's headquarters in the Italian city of Turin. Telecom Italia expects to close the deal around the end of September. -By Sabrina Cohen, Dow Jones Newswires, +39 02 5821 9906;

Stock News for Nuance Communications (NUAN)
02/11/201607:39:59Statement of Ownership (sc 13g)
02/09/201616:16:01Current Report Filing (8-k)
02/09/201616:01:00Nuance Announces First Quarter 2016 Results
02/05/201616:13:47Statement of Changes in Beneficial Ownership (4)
02/05/201616:13:47Initial Statement of Beneficial Ownership (3)
02/05/201616:09:52Statement of Changes in Beneficial Ownership (4)
02/05/201616:08:59Initial Statement of Beneficial Ownership (3)
02/05/201608:00:00Nuance Names Bob Schassler Executive Vice President and General...
02/05/201608:00:00Nuance Appoints Ken Siegel as Chief Legal Officer
02/03/201618:18:56Statement of Changes in Beneficial Ownership (4)
02/02/201616:41:44Current Report Filing (8-k)
01/25/201608:00:00Nuance to Release First Quarter Fiscal 2016 Results on Tuesday...
01/21/201608:00:00ATO Implements Nuance Voice Biometrics to Become the First Organization...
01/19/201615:41:25Additional Proxy Soliciting Materials (definitive) (defa14a)
01/19/201615:36:31Current Report Filing (8-k)
01/05/201618:50:49Statement of Changes in Beneficial Ownership (4)
01/05/201618:43:34Statement of Changes in Beneficial Ownership (4)
01/05/201618:43:10Statement of Changes in Beneficial Ownership (4)
01/05/201618:40:31Statement of Changes in Beneficial Ownership (4)
01/05/201618:39:39Statement of Changes in Beneficial Ownership (4)

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