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These were the 10 biggest European tech stories this week

Euros - Funding in Europe European currencies


This week, Tech.eu tracked 23 technology M&A transactions, one IPO and 62 tech funding deals (totalling €255 million, not counting the £2.4 billion pumped into London-based data centre operator Global Switch by Chinese investors) in Europe, Turkey and Israel.

Here’s an overview of the 10 biggest European tech news items for this week:

1) Nokia said on Wednesday it had filed a number of lawsuits against Apple for violating 32 patents.

2) Russian carrier Megafon is acquiring a majority stake of 63.8% in Mail.ru for £602.21 million (about $ 738 million).

3) The European Commission Monday released the non-confidential details behind its ruling in August that Ireland gave illegal tax benefits to Apple worth up to €13 billion.

4) German meal delivery startup HelloFresh, a Rocket Internet company, has raised €85 million from a new unnamed investor along with previous investor Baillie Gifford.

5) Japanese electronics giant Panasonic is to acquire a majority stake in Belgian supply chain and mobility solutions company Zetes for €149.6 million.

6) Israeli startup Lumus, a developer of wearable augmented reality (AR) displays, has closed a $ 45 million Series C round.

7) Global Switch, a London-based data centre company, has sold a 49% stake to a consortium of Chinese investors for £2.4 billion.

8) BMW has partnered with IBM to add Watson’s cognitive computing capabilities to its cars as it plans a campus for autonomous driving near Munich.

9) Rightware, an automotive software company from Finland, has been acquired by Chinese firm Thundersoft for €64 million.

10) French book publisher Hachette Livre has acquired a majority stake in UK mobile app developers Brainbow, makers of Peak.

Bonus link: Inside Facebook’s Berlin-based team in charge of policing content on the social network

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These were the 10 biggest European tech stories this week

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Happy Friday! This week, Tech.eu tracked 9 technology M&A transactions, one IPO and 46 tech funding deals (totaling €158 million, about $ 167 million) in Europe, Turkey and Israel.

Here’s an overview of the 10 biggest European tech news items for this week:

1) US-based GoDaddy, a domain name and hosting provider, said on Tuesday it would buy its European rival Host Europe Group (HEG) for €1.69 billion, including debt.

2) Europe’s largest carmaker, Volkswagen, has launched a new digital business division called MOIA to take on services such as Uber, shifting its focus beyond selling cars to catering for customers who prefer to pay for use rather than own a vehicle.

3) In related news, BMW will test autonomous vehicles in Munich next year as it seeks to keep up with ride-hailing firms … like Uber.

4) German hotel booking site Trivago updated its plans for a US IPO in a filing that came out on Monday. The company expects to price its shares between $ 13 to $ 15, a $ 428 million offering at the top end of the range.

5) Germany’s Lilium Aviation, a startup that develops lightweight, electric planes, has raised a €10 million Series A funding round from Atomico. The investment will help to commercialize the Lilium Jet, which is a lightweight commuter aircraft that can take off and land vertically.

6) US tech giants like Facebook, Twitter, YouTube and Microsoft will have to act faster to tackle online hate speech or face laws forcing them to do so, the European Commission has said.

7) Facebook has secured an e-money license in Ireland, paving the way for Messenger payments in Europe.

8) VC firm Partech Ventures has closed its newest €100 million seed fund, Partech Entrepreneur II, to invest in 80 European and US startups at seed stages.

9) eFounders has raised €5 million from 40 investors to help build eight new startups at its two startup studios in Brussels and Paris over the next two years.

10) Germany-based fintech startup N26 is expanding its business to 17 European countries, opening new locations in Spain, Italy, Greece, Ireland, and Slovakia.

Bonus link: Balderton profiled almost 15,000 employees in over 1,000 venture-backed companies in Europe, and produced a report on the ‘European Talent Landscape’ (highly recommended read)

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These were the 10 biggest European tech stories this week

European currencies


Happy Friday Saturday! This week, Tech.eu tracked 5 technology M&A transactions, one IPO and 63 tech funding deals (totalling €125.5 million) in Europe, Turkey and Israel.

Here’s an overview of the 10 biggest European tech news items for this week:

1) Skyscanner has been acquired for £1.4 billion by Chinese online travel company Ctrip (mostly in cash). The Edinburgh-based flight meta search company will continue to operate independently.

2) Facebook will hire an extra 500 workers in the UK when it opens a new headquarters in London, increasing its British workforce by half.

3) Microsoft is set to gain EU approval for its $ 26 billion buy of professional social network LinkedIn with tweaks to concessions aimed at addressing competition concerns, sources told Reuters.

4) France-based Wynd has secured €30 million from Sodexo Ventures, Orange Digital Ventures, Bpifrance and others to take its point-of-sale solution to international markets.

5) PM Theresa May to announce £2 billion annual fund to boost UK tech and science.

6) Paris-based Agricool has raised $ 4.3 million to harvest fruits and vegetables in shipping containers.

7) German interactive music TV channel tape.tv has filed for insolvency.

8) Paris, France-based investment firm Idinvest Partners has held the initial closing of its second capital growth fund at €250 million.

9) Monsanto has agreed to acquire VitalFields, an Estonian farm management software company, for an undisclosed amount.

10) Latvia has passed a new ‘innovation and startup tax law’ to double venture capital in the country.

Bonus link: Europe’s software industry brings a total value-added GDP of €910 billion to the EU’s economy, whether direct, indirect, or induced, according to a report from BSA, The Software Alliance.

This post originally appeared on Tech.eu.

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These were the 10 biggest European tech stories this week

europe european union flags


This week, Tech.eu tracked 12 technology M&A transactions, one IPO and 86 funding deals (totaling €280 million, about $ 307 million) in Europe, Turkey and Israel.Here’s an overview of the 10 biggest European tech news items for this week:

1) Cork, Ireland-based tech startup InfiniLED has been acquired by the Facebook-owned virtual reality company Oculus.

2) Rocket Internet-backed Wimdu is merging with its competitor, accommodation booking platform 9flats, in hopes to rival Airbnb in Europe.

3) Daniel Ek has replaced Spotify co-founder Martin Lorentzon to become both Chairman and CEO – which means Spotify likely won’t IPO in Sweden.

4) France has adopted a ‘Digital Republic Act’, which includes changes to laws surrounding net neutrality, data portability, video games, and copyright.

5) Navya, a Lyon, France-based company that builds electric, self-driving shuttles for use in urban areas, airports, amusement parks and whatnot, has raised €30 million.

6) Swedish media group MTG has invested in Hamburg-based online game developer, InnoGames,acquiring a 35% stake in the company at a €260 million valuation.

7) Estonian Funderbeam, a blockchain-based startup for trading in growth companies, has raised $ 2.6 million from Draper Associates, Thomson Reuters, and IQ Capital.

8) Founders Factory, the London-based accelerator/incubator founded by Brent Hoberman, Henry Lane Fox and Jim Meyerle, have partnered with and received a ‘multimillion pound’ investment from Chinese private equity holding CSC Group.

9) Uber will offer takeaway meal delivery services in Berlin in 2017 using bicycle courier services.

10) The crisis at Ericsson deepened on Wednesday when the world’s biggest maker of mobile network equipment reported a 94% plunge in quarterly operating profit and tumbling sales.

Bonus link: Early-stage investment firm Seedcamp is having a stellar year so far, which prompted it topublicly share (excellent) performance data for its first fund, which it raised all the way back in 2007.

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This post originally appeared on Tech.eu.

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These were the 10 biggest European tech stories this week

europe european union flags


This week, Tech.eu tracked 12 technology M&A transactions, one IPO, and 86 funding deals, totaling €199 million (about $ 224 million), in Europe, Turkey, and Israel.

Here’s an overview of the 10 biggest European tech news items for this week:

1) Dutch food delivery company Takeaway.com went public on Euronext Amsterdam today. Its shares were priced at €23 in its IPO, giving it a market cap of around €1 billion upon opening.

2) Spotify had quite a lot of news to announce this week, like its introduction of Daily Mix, its launch in Japan, and a new board member (Netflix’s content boss). But the biggest news came from the FT, which reported that Spotify is close to buying Berlin’s SoundCloud.

3) Qualcomm is reportedly in talks to acquire The Netherlands-based NXP Semiconductors, a deal that likely would cost more than $ 30 billion and accelerate a consolidation rush in the semiconductor industry.

4) German enterprise software giant SAP has earmarked $ 2.2 billion for the expansion of its Internet of Things portfolio. As part of that overall effort, SAP also says it is acquiring Italian IoT firm Plat.One and Norwegian analytics software maker Fedem Technology.

5) Salesforce urges EU to probe Microsoft, LinkedIn for antitrust issues.

6) This week saw the creation of Europe’s first Automotive-Telecom Alliance. The Alliance includes six leading sectorial associations, as well as 37 companies, including telecom operators, vendors, automobile manufacturers, and suppliers for both cars and trucks. Its main goal is to promote the wider deployment of connected and automated driving in Europe.

7) Apple’s new UK HQ will be in London’s iconic Battersea Power Station.

8) Renault’s carmaking alliance with Nissan is partnering with Microsoft to develop cloud-based services for cars, a step toward the group’s plans to build self-driving automobiles by 2020.

9) German fintech pioneer Smava has raised a $ 34 million round.

10) France’s Lydia raised €7 million for its peer-to-peer payment service.

Bonus link: Map shows VCs invested €23.8 billion in European startups since 2014.

This post originally appeared on Tech.eu

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YouTube reveals RNC and DNC livestreams were viewed over 9 million times, average watch time was 25 minutes

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YouTube today shared some numbers for the official livestreams of the Republican National Convention (RNC) and Democratic National Convention (DNC), the political events where each U.S. political party chose their respective candidates for president: Donald Trump and Hillary Clinton. The two events were viewed live on YouTube over 9 million times, with viewers tuning in for 25 minutes on average (impressive, given our shortening attention spans).

YouTube was the official livestream partner of both the RNC and DNC. While YouTube has done this before, namely during the 2012 election season, this was the first time that viewers had access to 360-degree videos. And of course there were many other unofficial streams available on the site — these figures are just for the official livestreams, meaning the aggregate total is significantly greater.

The breakdown for the two events is as follows:

  • The RNC was viewed live 4.5 million times while the DNC was viewed live 4.6 million times.
  • Viewers watched both livestreams for 25 minutes on average.
  • The maximum number of viewers watching the RNC at any given time (also known as peak concurrents) was 217,000 (during Donald Trump’s Thursday speech), while the peak concurrents for the DNC was 250,000 (during Hillary Clinton’s Thursday evening speech).

While YouTube doesn’t have totals for the 2012 elections, the Google-owned company did share the peak concurrent figures. For RNC 2012, YouTube saw a peak of 62,500 concurrents and for DNC 2012, the stream peaked at 178,000 concurrents. In other words, while the RNC was still smaller this year, it actually had a bigger jump than the DNC, at least when it comes to peak concurrents.

YouTube has previously shared that since last year when the political candidates were first announced, viewers have watched more than 110 million hours of election content. The conventions surely grew that number significantly, though YouTube did not update its figure today.

If you want to watch coverage of both conventions now that they have concluded, head to youtube.com/gopconvention and youtube.com/demconvention.

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These were the 10 biggest European tech stories this week

Flags of the United Kingdom and European Union


(Tech.eu) – Happy Friday! Here’s an overview of the 10 biggest European tech news items for this week:

1) Big exit in European tech: Antivirus software company AVG Technologies was acquired by rival Avast Software for $ 1.3 billion.

2) The Privacy Shield agreement between the U.S. and Europe that will regulate data transfer between both regions has been signed off on by member states of the EU, and could come into effect very soon.

3) U.K.-based security startup Darktrace and Germany’s Brillen.de raised the two largest rounds of funding in Europe for the week, at $ 65 million and $ 49 million, respectively.

4) Swedish payments company iZettle announced revenue growth of 81 percent last year, but its operating loss widened because of heavy spending to attract customers.

5) Also on the payments front, Stripe launched its “Connect” product in the U.K., Ireland, and several Nordic countries to help startups receive payments from any country where Stripe is live.

6) Reactions to Brexit continue, as technology giants like Facebook say that their opinion should be taken into consideration in Brexit talks. Will Emerald City be the new startup hub in Europe?

7) One of the bigger worries of U.K.-based technology companies has to do with access to talent, and London tech heavyweights call for European talent to remain in the capital following Brexit vote.

8) French automotive giant PSA Groupe is to launch a €100 million venture capital initiative.

9) Remember the EU’s cookie law? The tech industry gangs up on the European Commission, calls for cookie law to be scrapped.

10) The EU this week proposed stricter rules on Bitcoin and prepaid cards as part of efforts to fight terrorism. Ars Technica is worried that this could undermine fundamental rights.

Bonus link(s): A German political party explained why it drove a van around London encouraging startups to move to Berlin.

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Twitter investors were sharply divided over Jack Dorsey’s stock plan

Twitter's logo on display at the company's 2016 Flight developer conference in San Francisco, Calif.


While Twitter shareholders approved CEO Jack Dorsey’s plan to give his stock to employees last week, an unusually large number of investors voted against the proposal, hinting at continued divisions over the company’s leadership.

Twitter revealed the vote totals from its annual shareholders meeting in a document filed with the U.S. Securities and Exchange commission on Friday. While there were four items on which shareholders were asked to vote this past Wednesday, the most notable was a plan Dorsey announced last fall when he returned to the company as CEO.

At the time, Dorsey said he would return 6.8 million shares to the Twitter stock employee pool to be given out over time to employees old and new. It was gesture intended to show the deep faith Dorsey had in the company at a time when there was a large turnover in the executive ranks and many on Wall Street were questioning Twitter’s future .

Turns out, the idea wasn’t a slam dunk with investors.

According to the filing, 223,121,744 shares of stock were voted in favor of the proposal, while 123,907,045 shares voted to “withhold” their approval. Another 1,847,614 shares abstained from voting, and there are 202,867,909 shares held by brokers who were not authorized by the shareholders to vote on any proxy matters.

Approval of the plan required affirmative votes of a majority of the votes cast. The abstentions were counted as a vote against, while the non-votes were not counted.

While it wasn’t exactly a nail-biter, the level of opposition was clearly high. Generally speaking, it’s highly unusual for corporate shareholders to buck the recommendations of a company’s board or executive team on any proxy vote.

Compare those results on the stock issue, for instance, to another proxy matter: the appointment of the company’s accounting firm. In this case, 544 million shares voted in favor, and only 4.5 million voted against. That lopsided vote total is more typical of proxy matters.

In a previous filing on May 20, Twitter signaled that some shareholders were restless about Dorsey’s proposal. The company said it had agreed to change the terms of the plan to prohibit the options from being repriced, something that could affect the value and also trigger some potential tax issues.

“We appreciate the stockholder feedback we have received on our proposal to approve the Twitter, Inc. 2016 Equity Incentive Plan at our 2016 Annual Meeting of Stockholders,” the company said in a filing. “Based on discussions with our stockholders, we have committed to amend the 2016 Plan after the Annual Meeting to prohibit the repricing of stock options, including through an option exchange program or cash buyout, without the consent of Twitter’s stockholders. We recognize the importance of protecting the value of your investment in Twitter and we also endeavor to be responsive to stockholder feedback on our compensation programs.”

That was apparently enough to win the necessary approval this past week. Still, the fact that Dorsey was working so hard until the final minutes to sway those votes shows that investors are not ready to give him the benefit of the doubt.

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