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 14 technology M&A transactions and 35 tech funding deals totalling about €221 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) Angry Birds maker Rovio Entertainment is planning an initial public offering as early as next month that could value the maker of mobile games at about $2 billion.

2) Google has acquired AIMatter, a startup founded in Belarus that has built both a neural network-based AI platform and SDK to detect and process images quickly on mobile devices.

3) Facebook has started rolling out its 'Marketplace' service to 17 countries across Europe.

4) Berlin-based fintech company Savedo has been acquired by Deposit Solutions, an open banking platform backed by Peter Thiel. No terms were disclosed.

5) Germany's Eyeo, the maker of the popular Adblock Plus browser extension that's used by hundreds of millions of people, has won another round of victories over media companies that sued it in the country.

6) Amazon is getting out of the DVD rental business with the closure of Lovefilm, the so-called “Netflix of Europe” that Amazon bought in 2011 for a reported $312 million valuation.

7) The Pracuj Group, a Warsaw, Poland-based provider of Human Resources (HR) solutions, has received a $95 million minority investment from TCV.

8) Glossybox, a BirchBox clone launched by the Samwer brothers back in 2011, has been acquired by UK online retailer and e-commerce platform operator, The Hut Group (THG). Terms of the deal have not been disclosed.

9) Finnish educational game developer Lightneer, which was founded by Rovio (Angry Birds) alumns, has raised a seed funding round of $5 million.

10) Mobile telecom gear maker Ericsson may lay off around 25,000 employees outside Sweden as part of its savings program.

Bonus link: "Brexit claims another victim: Britain’s venture capitalists" (Politico)

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