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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
04/23/201508:00:00Nuance to Release Q2 FY 15 Results on May 7, 2015
04/14/201500:13:08Nuance unveils mobile dictation app, smartwatch integration
04/13/201508:03:00Nuance, MEDITECH, IMO Collaboration to Automate Patient Problem...
04/13/201508:00:00Nuance to Showcase New Clinical Documentation Tools for Mobile...
04/02/201516:13:18Statement of Changes in Beneficial Ownership (4)
03/30/201508:00:00Nuance Survey Reveals Patients Value Technology, but not at the...
03/26/201516:24:48Statement of Changes in Beneficial Ownership (4)
03/20/201516:23:44Statement of Changes in Beneficial Ownership (4)
03/04/201516:19:14Statement of Changes in Beneficial Ownership (4)
03/03/201508:00:00Acer Ships Swype across Its Global Android Smartphone Portfolio
02/20/201516:16:30Statement of Changes in Beneficial Ownership (4)
02/17/201516:20:03Statement of Changes in Beneficial Ownership (4)
02/17/201516:11:57Statement of Changes in Beneficial Ownership (4)
02/17/201516:07:49Statement of Ownership (sc 13g)
02/13/201510:28:57Amended Statement of Ownership (sc 13g/a)
02/12/201516:19:19Statement of Changes in Beneficial Ownership (4)
02/12/201516:18:05Statement of Changes in Beneficial Ownership (4)
02/11/201508:00:00Nuance Tops Charts & Earns #1 Ranking in â2014 Best in KLAS A...
02/10/201506:01:36Amended Statement of Ownership (sc 13g/a)
02/06/201516:47:22Securities Registration: Employee Benefit Plan (s-8)

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