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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)
11/24/201517:26:26Current Report Filing (8-k)
11/24/201516:54:58Statement of Changes in Beneficial Ownership (4)
11/24/201516:43:15Statement of Changes in Beneficial Ownership (4)
11/24/201516:41:34Statement of Changes in Beneficial Ownership (4)
11/24/201516:37:11Statement of Changes in Beneficial Ownership (4)
11/24/201516:35:51Statement of Changes in Beneficial Ownership (4)
11/19/201517:38:01Statement of Changes in Beneficial Ownership (4)
11/19/201508:00:00Nuance Dragon Anywhere, Professional-Grade Dictation for Mobile...
11/19/201506:05:47Annual Report (10-k)
11/17/201517:30:02Why Airgas, Nuance Communications, and Syngenta Jumped Today
11/17/201514:19:02Nuance Communications Inc. Soars on Earnings Beat
11/17/201509:00:00Nuance Introduces Diagnostic Imaging IT Innovations at RSNA 2015...
11/16/201519:20:03Nuance Shouts Out As Its Transformation Gains Momentum
11/16/201516:35:10Current Report Filing (8-k)
11/16/201516:01:00Nuance Announces Fourth Quarter and Fiscal Year 2015 Results
11/12/201517:45:03Nuance Communications Looks to Finish 2015 Strong
11/10/201510:00:00Physicians Use Nuance Cloud-Based Voice Recognition Solutions...
11/09/201508:00:00Nuance to Now Release Q4 and FY 15 Results on Monday, November...
11/04/201516:32:58Statement of Changes in Beneficial Ownership (4)
11/03/201510:00:00Telenav Integrated with Nuance Dragon Drive to Provide Automakers...

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