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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
09/30/201608:00:00Nuance Receives Supplier Innovation Award from BMW Group
09/15/201608:30:0094% of Nebraska Medicine Physicians Confirm Nuance Dragon Medical...
09/08/201608:00:00Nuance’s Dragon TV Powers Orange TV Mobile App in France
09/07/201616:02:33Current Report Filing (8-k)
09/07/201609:00:00Imprivata and Nuance Communications Bring Clinical Speech Recognition...
09/06/201616:56:43Statement of Changes in Beneficial Ownership (4)
08/25/201609:42:42Small Company Offering and Sale of Securities Without Registration...
08/16/201616:16:53Automatic Shelf Registration Statement of Securities of Well-known...
08/16/201616:13:31Current Report Filing (8-k)
08/16/201616:01:00Nuance Closes Acquisition of TouchCommerce
08/16/201608:00:00Nuance Announces Major New Releases of Dragon for Windows and...
08/11/201608:30:00TouchCommerce Leads Digital Engagement in Telecom Sector, Now...
08/10/201608:00:00IP Australia Simplifies Trade Marks Processes Online With Nina...
08/09/201616:09:33Quarterly Report (10-q)
08/08/201616:56:58Current Report Filing (8-k)
08/08/201616:01:00Nuance Announces Third Quarter 2016 Results
08/03/201616:23:27Statement of Changes in Beneficial Ownership (4)
07/22/201617:03:16Current Report Filing (8-k)
07/21/201608:30:00Nuance to Acquire TouchCommerce, Accelerate Growth of Enterprise...
07/20/201608:05:00TouchCommerce Launches TouchAssist to Provide Enterprises with...

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