King acquires Nonstop Games; Planview buys Sweden’s Projectplace

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 […]

August a slow month? Foodpanda orders $60 million, Fiverr nabs $30 million and IronSource up to $100m

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 […]

Philippine telco PLDT buys 10% stake in Rocket Internet for 333 million euros, valuing it at 3.3 billion euros ($4.4 billion)

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” […]