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 16 technology M&A transactions and 60 tech funding deals totalling €223 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) Israel’s Mobileye is being acquired by Intel for up to $15.3 billion at $63.54 per share in cash, making it the largest acquisition deal for an Israeli tech company.

2) Lots of Spotify news, again: the Swedish music streaming giant is to make some music available only to paying customers in a major change to its service, as part of a negotiation with record labels that would reduce the amount of royalties Spotify pays for songs. You can now also navigate with Waze within Spotify (and access Spotify playlists from Waze).

3) Social media companies Facebook, Google and Twitter will have to amend their terms of service for European users within a month or face the risk of fines, a European Commission official said on Friday.

4) Swiss augmented reality startup WayRay has raised $18 million in a funding round led by Alibaba Group and has announced new partnerships to bring its AR tech to cars.

5) Evrythng, a London, New York and San Francisco-based provider of an IoT smart products platform, completed its $24.8 million Series B funding. The round was led by Sway Ventures with participation from Generation Ventures and Bloc Ventures and existing backers Cisco Investments, Samsung, BHLP, Atomico, Dawn Capital and Advance Vixeid Partners.

6) UK-based insurtech company Simply Business has been acquired by US-based The Travelers Companies for approximately $490 million.

7) Nokia's head of mobile networks, the division which accounted for more than half of Finnish telecom network equipment maker's sales last year, is leaving the company. Nokia said on Friday it would break out services as a distinct business group from mobile networks following the departure of Samih Elhage, who joined the company in 2012.

8) Amsterdam’s EV-Box, a supplier of electric vehicle charge points, has been acquired by French electric utility company ENGIE.

9) German fintech startup Solarisbank has just raised €26.3 million. Investors include the Japanese SBI Group, Arvato Financial Solutions, and Unicredit.

10) Russia found Apple guilty of iPhone price-fixing, potentially facing fines.

Bonus link: How European startups are grappling with the EU’s copyright reforms.

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