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Napster just sold for $207 million

Engadget

Napster holds numerous licenses to stream millions of songs, which is what made it an attractive prospect to Infinite Reality. Rhapsody tried to make Napster a household name in Europe for the next decade before a consortium of blockchain companies, led by Hivemind and Algorand, bought it in 2022.

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Revolut applies for UK banking license

TechCrunch

It’s hard to believe that fintech startup Revolut doesn’t have a proper banking license in its home country. But this is about to change as the company has applied for a banking license in the U.K. Revolut already has a banking license in the European Union. It is slowly starting to offer its own banking products in Europe.

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Music licensing marketplace Songtradr raises $50M

TechCrunch

Music licensing marketplace Songtradr this morning announced a $50 million Series D. The platform licenses music to high-profile names for advertising, films, TV, gaming and the like, including Disney, Netflix, Apple, Coca-Cola, Amazon and Google. Image Credits: Songtradr.

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Insurtech startup Luko acquires Coya and gains insurance license

TechCrunch

French startup Luko is acquiring German startup Coya in order to grow its European presence and get an insurance license from German regulator. More importantly, Coya has obtained an insurance license in Germany. Luko is going to leverage that license across all its markets thanks to European passporting rules.

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Bolt raises $182M to expand its on-demand transportation network in Europe and Africa

TechCrunch

In the midst of a major second wave of coronavirus infections across Europe, an Estonian startup that’s building an on-demand network to move food and people around in cars, on scooters and ( most recently ) on bikes across developed and emerging markets in EMEA is announcing a major round of funding.

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Google's $512M sweetener for Europe firms failed to derail deal with Microsoft

TechSpot

At its core, it had around €455 million in Google Cloud licenses bundled with €14 million in cash incentives. Bloomberg notes that the rejected proposal outlined a generous five-year partnership. However, it came with a notable string attached – the conglomeration of companies known as the Cloud Infrastructure Services Providers.

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Bitpanda obtains German crypto license as crypto platforms want to prove they are legit

TechCrunch

Bitpanda has received a crypto license from Germany’s financial regulator (BaFin). Its German subsidiary is now officially allowed to process cryptocurrencies for German customers under its Crypto Custody and Proprietary Trading license. It holds a similar license, but it is a U.S.-based based company. million customers.

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