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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; [email protected]

Stock News for Nuance Communications (NUAN)
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02/14/201710:38:26Amended Statement of Ownership (sc 13g/a)
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02/08/201717:02:50Securities Registration: Employee Benefit Plan (s-8)
02/08/201716:10:38Quarterly Report (10-q)
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02/07/201716:10:50Current Report Filing (8-k)
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02/03/201718:42:40Statement of Changes in Beneficial Ownership (4)

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