The major funding rounds in Europe just keep on coming. GetTaxi, the Israeli startup behind the eponymous ride-hailing application, is poised to close a massive $150 million funding round, and is today announcing an initial $25 million investment by Sweden’s Vostok Nafta. The fresh cash will serve to continue its expansion in Europe and beyond, […]
Swedish-British game maker King reported poor revenue numbers and Candy Crush Saga player retention ability last night, but also announced its acquisition of Singapore-based Nonstop Games (the creator of Heroes Of Honor). King paid $6 million in cash but the actual purchase price might go up to $100 million: another $84 million is due depending […]
You’d think there wouldn’t be that much news coming out of Europe’s tech scene smack in the middle of August, but you’d be wrong. This morning, Rocket Internet’s online meal ordering and delivery venture Foodpanda raised $60 million in new financing (also read about fellow German company HelloFresh’s $50 million round), while Tel Aviv, Israel-based […]
The EU Commission has made public a letter which was sent recently to the CEOs of six international car rental companies to urge them to stop their “discriminatory practices” against online buyers.
Philippine Long Distance Telephone Company (PLDT), the largest telecommunications company in the Philippines, is buying a 10 percent stake in German tech startup incubator Rocket Internet. PLDT acquired the stake through a 333 million euro (approximately $445 million) directed share issue subscribed for in cash, thus valuing the Samwer brothers’ e-commerce focused “company cloning factory” […]
Google has been requested to remove 50 links to Wikipedia content from its European search results under the controversial ‘right to be forgotten’ law. Unsurprisingly, Wikimedia isn’t happy with that at all.
Wix.com, the Tel Aviv-based company behind the eponymous cloud-based web development platform, has reported earnings for the second quarter of 2014. Revenues increased 82% to $33.9 million compared to $18.6 million for the second quarter of 2013, but (GAAP) net loss deepened from $5.2 million in Q2 2013 to $13.8 million in the past quarter. […]