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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)
DateTimeHeadline
02/21/201708:30:00Nuance and Epic Join Forces on Artificial Intelligence to Revolutionize...
02/21/201708:00:00Announcing Nuance Loop: AI and Data-Analytics Marketing Platform...
02/20/201708:10:00At HIMSS17 Nuance Reveals How Artificial Intelligence is Solving...
02/20/201708:05:00EHR Study Finds Healthcare Leaders Plan to Adopt Enhancing Technologies...
02/16/201708:00:00Nuance Receives #1 Combined Rating among Enterprise Intelligent...
02/14/201710:38:26Amended Statement of Ownership (sc 13g/a)
02/10/201706:11:52Amended Statement of Ownership (sc 13g/a)
02/08/201717:02:50Securities Registration: Employee Benefit Plan (s-8)
02/08/201716:10:38Quarterly Report (10-q)
02/08/201708:35:00Nuance Named #1 Category Leader for Quality Management and Speech...
02/07/201716:10:50Current Report Filing (8-k)
02/07/201716:01:00Nuance Announces First Quarter 2017 Results
02/03/201718:42:40Statement of Changes in Beneficial Ownership (4)
02/03/201718:32:17Statement of Changes in Beneficial Ownership (4)
02/03/201717:02:36Current Report Filing (8-k)
01/30/201715:44:18Statement of Ownership (sc 13g)
01/25/201717:00:43Amended Statement of Ownership (sc 13g/a)
01/24/201708:00:00Nuance to Release First Quarter Fiscal 2017 Results on Tuesday...
01/05/201708:00:00Nuance Integrates More AI into Automotive Assistant for Passengers
01/04/201718:52:25Statement of Changes in Beneficial Ownership (4)

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