Published On: Sun, Nov 27th, 2016

These were the 10 biggest European tech stories this week

European currencies

Happy Friday Saturday! This week, 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 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 .3 million to harvest fruits and vegetables in shipping containers.

7) German interactive music TV channel 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.

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