Happy Friday! This week, tech.eu tracked 18 technology M&A transactions and 56 funding deals (totalling €282 million) in Europe, Turkey and Israel.
Like every week, we listed every single one of them in our free weekly newsletter, along with interesting news regarding fledgling European startups, tech investors old and new, a number of good reads published elsewhere, government and policy news, as well as an overview of interesting lists, facts and figures from a wide variety of sources.
You can subscribe to our newsletter below to receive all this information in your inbox every Friday afternoon for free, but here’s an overview of the 10 biggest European tech news items for this week:
**1)** The Nokia brand is returning to the mobile phone and tablet market, as the company signed a brand and IP licensing agreement with HMD global.
**2)** Alphabet's Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, according to media reports.
**3)** In related news, EU antitrust chief Margrethe Vestager may open a third front in her battle with Google as she studies whether to escalate a probe into the Internet search giant’s advertising services.
**4)** British semiconductor giant ARM has acquired Apical, a London-headquartered company that specialises in imaging and embedded computer vision technology, for $350 million in cash.
**5)** The BBC is to push ahead with plans to launch a British rival to Netflix, after getting the go-ahead from the government to develop a new subscription streaming service.
**6)** Speaking of Netflix, the company could be subject to European content quotas.
**7)** Rovio's Angry Birds movie is off to a good start, grossing $43 million in its opening weekend, and before landing in the US, China and other big markets.
**8)** Mo' money in Europe: Runa Capital raised $135 million for its second fund, while e.ventures launched a $150 million fund for early-stage startups.
**9)** Belgium’s Showpad has closed a $50 million Series C round to keep growing its SaaS sales productivity platform (_disclosure_: I'm a tiny shareholder in this startup).
**10)** The German cabinet approved new incentives and tax breaks to boost demand for electric cars in an attempt to meet its target of bringing 1 million of them onto its roads by the end of the decade.
**Bonus link:** The rise and fall of Lionhead, the British game studio Microsoft acquired in 2006 and closed in April (Eurogamer.net)
Would you like to write the first comment?
Login to post comments