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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
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)
07/21/201516:05:00Nuance to Release Q3 FY 15 Results on August 6, 2015
07/21/201516:05:00Nuance Announces Strong Preliminary Q3 2015 Results; Appoints...
07/14/201508:00:00Australian Taxation Office Deploys Nuance Voice Biometrics in...
07/13/201508:00:00Nuance Joins athenahealth’s “More Disruption Please” Marketplace
07/07/201517:17:37Statement of Changes in Beneficial Ownership (4)
07/07/201517:17:11Statement of Changes in Beneficial Ownership (4)
07/02/201517:12:09Statement of Changes in Beneficial Ownership (4)
07/02/201517:00:00Statement of Changes in Beneficial Ownership (4)
07/02/201516:35:54Statement of Changes in Beneficial Ownership (4)
06/24/201517:17:04Current Report Filing (8-k)
06/22/201517:17:22Current Report Filing (8-k)
06/22/201508:00:00Nuance Partnership Helps Healthcare Organizations Discover Revenue...
06/18/201508:00:00Eastern Bank Taps Nuance Voice Biometrics to Innovate the Customer...
06/15/201509:00:00Nuance and APX Labs Partner to Integrate Voice into Leading Enterprise...
06/11/201508:17:16Current Report Filing (8-k)

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