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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Nuance Communications Inc | NASDAQ:NUAN | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 55.99 | 56.00 | 56.00 | 0 | 01:00:00 |
From May 2019 to May 2024
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
1 Year Nuance Communications Chart |
1 Month Nuance Communications Chart |
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