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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
05/28/201516:28:54Statement of Changes in Beneficial Ownership (4)
05/28/201516:28:03Statement of Changes in Beneficial Ownership (4)
05/28/201516:22:51Statement of Changes in Beneficial Ownership (4)
05/28/201516:21:06Statement of Changes in Beneficial Ownership (4)
05/28/201508:00:00Nuance Launches the Industryâs First Evidence-Based Computer-Assisted R...
05/26/201508:00:00Nuanceâs Dragon TV Enables Voice Search on the New Roku 3 Streaming P...
05/07/201518:04:45Nuance Sounds a Lot Better After Its Latest Earnings Report
05/07/201516:32:27Current Report Filing (8-k)
05/07/201516:01:00Nuance Announces Second Quarter Fiscal 2015 Results
05/05/201522:07:08Why Nuance Communications Needs Earnings Growth Now
05/01/201517:05:26Statement of Changes in Beneficial Ownership (4)
05/01/201517:00:00Nuance Appoints Robert Finocchio to its Board of Directors
05/01/201516:30:45Statement of Changes in Beneficial Ownership (4)
05/01/201516:28:09Statement of Changes in Beneficial Ownership (4)
04/28/201520:13:46Nuance Communications Cut to "Hold" at Vetr Inc. (NUAN)
04/28/201508:00:00Nuance Voice Biometrics Chosen by SK Telecom to Offer Easy and...
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...

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