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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;

Stock News for Nuance Communications (NUAN)
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10/04/201617:01:23Statement of Changes in Beneficial Ownership (4)
10/04/201616:56:36Statement of Changes in Beneficial Ownership (4)
10/04/201616:54:25Statement of Changes in Beneficial Ownership (4)
10/04/201616:45:19Statement of Changes in Beneficial Ownership (4)
10/04/201616:33:37Statement of Changes in Beneficial Ownership (4)
10/04/201616:30:09Statement of Changes in Beneficial Ownership (4)
10/03/201608:00:00Nuance Brings Embedded Dictation Capabilities to the Car
09/30/201608:00:00Nuance Receives Supplier Innovation Award from BMW Group
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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

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