These were the 10 biggest European tech stories this week
Share on Facebook
Share on Twitter
Share on Google+
Share on Reddit
Share on Email

Candy Crush screenshot (image: King)

Candy Crush screenshot (image: King)

This week, Tech.eu tracked 10 technology M&A transactions and 58 funding deals (totaling €406 million) in Europe and Israel – here is what you should know

Tech.eu

Happy Sunday! This week, Tech.eu tracked 10 technology M&A transactions and 58 funding deals (totaling €406 million) in Europe and Israel.

Here’s an overview of the 10 biggest European tech news items for this week:

1) Done deal, one of the larger exits in European tech history: Activision Blizzard closes $5.9 billion acquisition of King, makers of Candy Crush

2) Two exits in Israel, over $1.3 billion in combined value: Mellanox paid $811 million for EZchip and Oracle bought Ravello Systems for $500 million

3) Google’s London AI powerhouse has set up a new healthcare division and acquired a medical app called Hark

4) Messaging app Telegram surpasses 100 million users, backs Apple on encryption

5) Swedish payments firm Klarna shifts focus to U.S. as revenues swell to $331 million in 2015

6) Powa’s woes continue: UK-based tech unicorn collapsed into administration this week and laid off 74 employees

7) Nokia Growth Partners announced a $350 million fund for IoT startups and Israeli VC firm TLV Partners closed a new $115 million fund

8) Spanish tech giant Scytl spin-offs citizen engagement platform with the support of Telefonica Open Future. Both companies will invest a combined €35 million in the project

9) Remember the UK and Italy asking Google to pay a fair amount of taxes? France could be seeking €1.6 billion in back taxes from the search giant

10) European telcos got together in Barcelona this week, asked for level playing field as they battle startups

Bonus link: European tech scene begins to feel Silicon Valley’s woes

This post was originally published on Tech.eu

Share on:Share
Share on Facebook
Share on Twitter
Share on Google+
Share on Reddit
Share on Email
Jaime Novoa

About Jaime Novoa


Chief editor and startup ecosystem analyst for the blog of Startupxplore. Startupxplore is the leading startup funding community, connecting investors and startups all around Europe. He also writes for Novobrief, an English language publication covering the Spanish startup ecosystem.

More Goodies From Funding


Top 10 Philadelphia startups ring loudly

Top 10 Kansas City startups spread across two states

What does your car have to say about you?