Today in European Tech: eToro en route to a $5 billion IPO, Delivery Hero's South Korea expansion gets the green light, and more

Hello!

We hope you're enjoying the holiday break, but if that includes staying up-to-date on all things European Tech for you, here's what happened today in this part of the world:

Deals

- Israeli fintech company eToro, a social trading and multi-asset brokerage company, is on its way to an initial public offering on Nasdaq at a valuation of $5 billion.

- REE Automotive, the Israeli developer of modular platforms for electric vehicles, is reportedly in negotiations to go public (by means of SPAC) at a valuation of between $3 billion and $4 billion.

- Food delivery giant Delivery Hero is to receive conditional regulatory approval of its $4 billion acquisition of South Korea's Woowa; the company expects to receive the final written approval and closing to occur in the first quarter of 2021.

- German media startup Airtango, which produces and distributes live and video content in the areas of sport, entertainment and travel, has raised €1.2 million.

- Belgium's Bobex has acquired its rival Renowizz, previously owned by French company Groupe Batiweb, to grow its marketplace/price comparison website for construction, maintenance and renovation services.

- We also tracked a large number of (other) European tech funding rounds and M&A transactions, all of which we are putting in a handy list for you on Friday afternoon in our weekly roundup newsletter (note: the full list is for paying customers only). Also check out our European tech news section for ongoing coverage.

Worth Knowing

- Facebook has moved to wind down several Irish holding companies that had allowed it to shift billions of dollars in profit to the country, where it was lightly taxed.

- Bolstered by pandemic, tech titans face growing scrutiny (Euractiv)

- 2021 could be a do-or-die year for Europe’s efforts to catch up with China and the United States in rolling out super-fast fifth-generation (5G) telecoms networks.

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