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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; sabrina.cohen@dowjones.com

Stock News for Nuance Communications (NUAN)
DateTimeHeadline
08/27/201508:00:00Captain’s Log: Nuance’s Swype Now Features Star Trek™ Themes and a...
08/20/201519:54:12Statement of Changes in Beneficial Ownership (4)
08/20/201519:53:43Statement of Changes in Beneficial Ownership (4)
08/20/201519:53:15Statement of Changes in Beneficial Ownership (4)
08/19/201516:29:17Statement of Changes in Beneficial Ownership (4)
08/18/201512:00:00Nuance’s New Cross-Device Dragon Speech Recognition Solutions H...
08/18/201512:00:00Nuance Introduces Dragon Anywhere – Bringing Professional-Grade D...
08/11/201516:23:40Statement of Changes in Beneficial Ownership (4)
08/07/201518:22:05Quarterly Report (10-q)
08/06/201516:59:53Amended Statement of Ownership (sc 13g/a)
08/06/201516:17:58Current Report Filing (8-k)
08/06/201516:01:00Nuance Announces Third Quarter Fiscal 2015 Results
08/05/201516:47:40Statement of Changes in Beneficial Ownership (4)
08/05/201516:46:19Statement of Changes in Beneficial Ownership (4)
08/03/201508:00:00Nuance Named Leader in New 2015 Medical Image Sharing Report...
07/29/201517:22:39Statement of Changes in Beneficial Ownership (4)
07/29/201517:11:46Statement of Changes in Beneficial Ownership (4)
07/23/201516:09:32Statement of Changes in Beneficial Ownership (4)
07/22/201508:00:00USAA and Nuance Create Financial Literacy Virtual Assistant to...
07/21/201517:17:34Current Report Filing (8-k)

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