These were the 10 biggest European tech stories this week

These were the 10 biggest European tech stories this week


Happy Friday! This week, tracked 12 technology M&A transactions, one IPO and 86 funding deals (totalling €199 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) Dutch food delivery company went public on Euronext Amsterdam today. Its shares were priced at 23 euros each in its IPO, giving it a market cap of around €1 billion upon opening.

2) Spotify had quite a lot of news to announce this week, like its introduction of Daily Mix, its launch in Japan, and a new board member (Netflix's content boss). But the biggest news came from the FT, which reported that Spotify is close to buying Berlin's SoundCloud.

3) Qualcomm is reportedly in talks to acquire The Netherlands-based NXP Semiconductors, a deal that likely would cost more than $30 billion and accelerate a consolidation rush in the semiconductor industry.

4) German enterprise software giant SAP has earmarked $2.2 billion for the expansion of its Internet of Things portfolio. As part of that overall effort, SAP also says it is acquiring Italian IoT firm Plat.One and Norwegian analytics software maker Fedem Technology.

5) Salesforce urges EU to probe Microsoft, Linkedin antitrust issues.

6) This week saw the creation of Europe’s first Automotive-Telecom Alliance. The Alliance includes six leading sectorial associations, as well as 37 companies, including telecom operators, vendors, automobile manufacturers and suppliers for both cars and trucks. Its main goal is to promote the wider deployment of connected and automated driving in Europe.

7) Apple’s new UK HQ will be in London’s iconic Battersea Power Station.

8) Renault's carmaking alliance with Nissan is partnering with Microsoft to develop cloud-based services for cars, a step toward the group's plans to build self-driving automobiles by 2020.

9) German fintech pioneer Smava has raised a $34 million round.

10) France's Lydia raised €7 million for its peer-to-peer payment service.

Bonus link: Map shows VCs invested €23.8 billion in European startups since 2014

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