These were the 10 biggest European tech stories this week

robin@tech.eu

DSC_3529-1024x440 (2)

Happy Friday! This week, tech.eu tracked 14 technology M&A transactions and 73 funding deals (totalling €501 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) The European Commission proposed new rules to mandate video streaming services to have 20% EU content, and it wants to boost e-commerce by “tackling geoblocking and making cross-border parcel delivery more affordable”.

2) French investigators have raided Google’s Paris headquarters, saying the company is now under investigation (seeking over €1 billion) for aggravated financial fraud and organised money laundering.

3) Nokia cuts more than a thousand jobs in Finland, which is accusing Microsoft of ‘broken promises’ following its deal with the once-mighty mobile phone maker.

4) Spotify brought in a whopping $2.18 billion in revenues in 2015, growing its income by 80% in the year. Net losses stood at a (relatively) painful $194 million.

5) Volkswagen has invested $300 million in Israeli Uber rival Gett.

6) Tencent is reportedly in talks with SoftBank to buy the Japanese telecommunications giant’s majority stake in Finnish gaming studio Supercell.

7) Money transfer company TransferWise has raised a further $26 million at a $1.1 billion valuation.

8) American companies came shopping in Europe: eBay has bought Spain’s Ticketbis for $165 million, Intel has acquired Russian computer vision startup Itseez and Facebook bought Scottish VR audio tech company Two Big Ears.

9) French hosting/cloud computing giant OVH is reportedly poised to raise 300 million euros in capital.

10) EQT Partners has raised 566 million euros ($632 million) to invest in Europe’s most promising technology companies.

Bonus link: Why Google’s monopoly abuse case in Europe will run and run

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.