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Nuance to Spin Off Automotive Business
- Client News
- November 19, 2018
Paul, Weiss is representing Nuance Communications, Inc. in the spin-off of its automotive business segment into a new, publicly traded company. The standalone entity will be a pure-play, next-generation automotive software company. Immediately following the transaction, expected to be completed before the end of fiscal 2019, Nuance shareholders will own shares of both companies. The transaction is intended to be tax free to Nuance shareholders. Nuance is a leader in AI speech recognition.
The Paul, Weiss team includes corporate partners Steven Williams, Scott Barshay, John Kennedy and Gregory Ezring and counsel Caith Kushner and Patricia Vaz de Almeida; tax partners Jeffrey Samuels and Patrick Karsnitz and counsel Alyssa Wolpin; intellectual property partner Claudine Meredith-Goujon and counsel Jonathan Ashtor; employee benefits partner Lawrence Witdorchic and counsel Jason Ertel; litigation partner Lewis Clayton and counsel Peter Jaffe; and real estate partner Peter Fisch.