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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
07/22/201617:03:16Current 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...
07/19/201608:00:00Nuance Named Global Device and Print Management Software Market...
07/19/201608:00:00Nuance to Release Third Quarter Fiscal 2016 Results on Monday...
07/12/201609:00:00Physicians at Edward-Elmhurst Health Save Up to Two Hours per...
07/07/201608:00:00Nuance’s Dragon Drive Powers the Voice Interface of SAIC’s Con...
07/06/201616:13:42Statement of Changes in Beneficial Ownership (4)
06/27/201613:12:00Nuance Improves the Clinician Experience & Drives More Complete...
06/27/201609:41:00Joint Study Finds Hospitals Using Nuance Clinical Documentation...
06/24/201607:50:00How Rewarding Investors Believe These Application Software Stocks...
06/22/201617:06:09Current Report Filing (8-k)
06/22/201608:00:00Nuance Power PDF 2 Makes it Easy for Businesses to Gain Control...
06/17/201606:06:21Current Report Filing (8-k)
06/14/201620:00:00Nuance Prices $300 Million Offering of Senior Notes
06/14/201607:41:00Nuance Announces Proposed $300 Million Offering of Senior Notes
06/10/201616:04:40Statement of Changes in Beneficial Ownership (4)
06/08/201608:00:00Nuance Delivers Breakthrough Ambulatory Clinical Documentation...
06/07/201608:00:00Nuance’s Dragon TV Powers NOS Set Top Boxes and Remote Controls
06/03/201616:04:02Statement of Changes in Beneficial Ownership (4)

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