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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
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)
06/02/201608:30:00Nuance Receives Healthcare Informatics' Most Interesting Vendor...
05/31/201614:29:53Specialized Disclosure Report (sd)
05/31/201609:00:00The University of Texas MD Anderson Cancer Center Selects Nuance...
05/24/201608:30:00New Study Shows Nuance Clinical Documentation Improvement Significantly...
05/23/201608:00:00Nuance Nina Brings Message-Based Customer Service to SMS, Enterprise...
05/17/201608:00:00Nuance Unveils Dragon® Anywhere Group, Professional-Grade Mobile...
05/16/201608:00:00Nuance Extends Dragon TV with Nuance Mix
05/11/201606:05:54Securities Registration: Employee Benefit Plan (s-8)
05/11/201606:02:56Current Report Filing (8-k)
05/10/201617:38:13Quarterly Report (10-q)

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