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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
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)
02/06/201516:06:26Quarterly Report (10-q)
02/05/201516:25:11Current Report Filing (8-k)
02/05/201516:03:00Nuance Announces First Quarter Fiscal 2015 Results
02/04/201516:15:21Statement of Changes in Beneficial Ownership (4)
02/04/201508:00:00Nuance Launches First-Ever Cloud-Based Voice Messaging and Voicemail-to-Text...
02/03/201508:00:00Nuance Announces Dragon Dictate Medical for Mac, version 4

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