The 10 biggest European tech stories this week

Here’s an overview of the 10 biggest European tech news items this week from Tech.eu:

1) Done deal, one of the larger exits in European tech history: Activision Blizzard closes $5.9 billion acquisition of King, makers of Candy Crush

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2) Two exits in Israel, over $1.3 billion in combined value: Mellanox paid $811 million for EZchip and Oracle bought Ravello Systems for $500 million

3) Google’s London AI powerhouse has set up a new healthcare division and acquired a medical app called Hark

4) Messaging app Telegram surpasses 100 million users, backs Apple on encryption

5) Swedish payments firm Klarna shifts focus to U.S. as revenues swell to $331 million in 2015

6) Powa’s woes continue: UK-based tech unicorn collapsed into administration this week and laid off 74 employees

7) Nokia Growth Partners announced a $350 million fund for IoT startups and Israeli VC firm TLV Partners closed a new $115 million fund

8) Spanish tech giant Scytl spin-offs citizen engagement platform with the support of Telefonica Open Future. Both companies will invest a combined €35 million in the project

9) Remember the UK and Italy asking Google to pay a fair amount of taxes? France could be seeking €1.6 billion in back taxes from the search giant

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10) European telcos got together in Barcelona this week, asked for level playing field as they battle startups

Bonus link: European tech scene begins to feel Silicon Valley’s woes

The post These were the 10 biggest European tech stories this week appeared first on Tech.eu.

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