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 15 technology M&A transactions, one IPO and 70 funding deals (totalling €294 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) Naspers has sold Polish eBay rival Allegro to a consortium of private equity firms for $3.3 billion.

2) is reportedly considering offering Internet service directly to consumers in Europe.

3) Time Out has bought London events startup YPlan for a mere £1.6 million in stock, after the company raised £31 million from big-name investors like movie star Ashton Kutcher, General Catalyst Partners, Shakil Khan and Brent Hobermann.

4) Israel-based Oryx Vision announced a $17 million Series A funding round led by Bessemer Venture Partners for a new kind of object-detection technology aimed at the blooming self-driving car market.

5) Website owners are free to store users' internet addresses to prevent cyber attacks, the European Union's top court said on Wednesday, rejecting a claim from a German privacy activist who sought to stop the practice.

6) Tencent said a consortium formed to buy game developer Supercell has raised $850 million by selling new shares to investors, including Chinese state-owned investment firms AVIC Capital and CITIC Capital.

7) Microsoft is seeking EU antitrust approval for its $26 billion bid for social network LinkedIn.

8) Two new notable funds have seen the light of day in Europe: K Fund (Spain) raised €50 million, while Daphni (France) secured €150 million.

9) Intel's fight against a record €1.06 billion EU antitrust fine received a boost on Thursday when a top Europe court adviser questioned whether the US chipmaker's actions had really harmed competition.

10) The sonnen Group, a Wildpoldsried, Germany-based provider of intelligent battery storage, completed an $85 million financing round.

Bonus link: Meet the bioinformatics startups applying AI and machine learning to genetics to bring precision medicine to Europe.

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