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The 10 biggest European tech stories this week

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This week, Tech.eu tracked 9 technology M&A transactions and 68 funding deals (totalling €296 million, about $334 million) in Europe, Turkey and Israel.

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

1) Earlier this year, Twitter invested about $70 million in Berlin-based streaming music service company SoundCloud, the companies unexpectedly announced/confirmed this week.

2) China’s Tencent is reportedly nearing a deal to buy Supercell, the Finnish maker of the popular ‘Clash of Clans’ game in a deal that values the company at more than $9 billion.

3) Scotland’s FanDuel is reportedly in talks with DraftKings to merge the world’s two biggest daily fantasy sports companies. There’s some logic to this.

4) In a rare move for a VC firm, Draper Esprit has made an IPO on stock exchanges in Dublin and London, raising more than £100 million on its first day of trading.

5) Twitter’s head of EMEA (one of its most senior execs outside the US) has departed the company to join Dublin-based VC firm Frontline Ventures as investment partner.

6) The HelloFresh IPO may eventually happen, but it could be another year or two.

7) Tech leaders from across Europe this week came together for the annual ‘The Europas’ Awards in London. Here’s a list of all the winners.

8) The US government has asked to be joined as a party in the Irish High Court case between the Austrian privacy activist and lawyer Max Schrems, and Facebook.

9) Madrid-based online job marketplace Jobandtalent has raised $42 million in Series B funding led by Atomico.

10) Sweden is conducting tests to put the country’s land registry system on blockchain, the underlying technology supporting the digital currency bitcoin.

Bonus link: The surreal world of an Icelandic bitcoin mine, where they literally make digital money.

Subscribe to the weekly Tech.eu Newsletter here.

This post first appeared on Tech.eu.

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It's also getting a bunch of new features. The app now boasts more currency recognition, adding British pounds, US dollars, Canadian dollars, and Euros to its tally. Going beyond the color in a scene, it can also spot the color of specific objects, like clothes. Plus, it's no longer restricted to just short printed text, with handwriting recognition now part of its skill set. You can also customize the voice that it uses to speak its observations out loud, and set how fast it talks.

Finally, a musical light detector alerts you to the light in an environment with an audible tone -- Microsoft claims the tool will save users from having to touch a hot bulb or LED battery to check if it's on. Despite the big update, there's still no word on an Android launch.

Source: Microsoft

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