Cisco this morning said it is buying all shares of privately-held Tail-f Systems, a Stockholm, Sweden-based company that specialises in what it calls “multi-vendor network service orchestration solutions” for traditional and virtualised networks. Cisco is coughing up $175 million for the purchase of Tail-f, in a mixture of cash and retention-based incentives, to ‘accelerate its […]
Bad news for chipmaker Intel out of Luxembourg today, as the General Court (a constituent court of the Court of Justice of the EU) has upheld the fine of €1.06 billion (roughly $1.43 billion) imposed by the European Commission on the company in 2009. Intel was fined for having abused its dominant position on the […]
The challenges for Uber in Europe are mounting. In Spain, the government this week announced high potential fines for both Uber drivers and customers as the service remains illegal in the country.
All companies operating on European soil must meet Europe’s data protection rules, ministers agreed on Friday, although governments remain divided over how to enforce them, exactly. EU Justice commissioner Viviane Reding spoke today in Luxembourg, saying that the 2012 EU data protection bill is on track for adoption in 2015, seeing the effort unequivocally backed […]
Finland-based Angry Birds creator Rovio has received a 25 million euro facility from the European Investment Bank to spur its growth. Expect more these types of transactions to occur in the future.
German media juggernaut Axel Springer has acquired 90% of the shares of Vertical Media, a Berlin-based digital media company that publishes English-language local startup blog VentureVillage and its big German-speaking sister, Gründerszene. The rest of the shares will be held by co-founder Mark Hoffmann, who will stay on board as managing director. The price of […]
Fondico, Spain’s most recent ‘fund of funds’ managed by Axis Partners, recently released a list of the eight funds that are getting a whopping 248 million euros to invest in promising startups.