There are so many interesting stories out there and unfortunately we don’t have the time to cover all of them. With our section “Worth reading” we provide you (once in a while) with some links to interesting articles of other publications:
The London-based startup blog “the Kernel” is to close while it is no longer able to pay its debts. In a farewell post on The Kernel, saying “We bid you adieu”, the editor Milo Yiannopoulos claimed that the site’s £5-a-month digital newsletter, the Nutshell, had “thousands of subscribers”. Visit the Guardian to read more.
The European Commission has just announced that it has fined Microsoft €561 million ($731 million) for failing to comply with an earlier commitment to offer a ‘browser ballot’ screen for Windows users, offering them a choice of the browser they install within the European Union. For more info visit TNW.
Rocket Internet‘s African e-commerce platform Jumia has secured €20 million in funding from Summit Partners. The Amazon clone, which claims to be the continent’s largest and fastest-growing e-commerce venture, will use the money to drive further growth. Read the full article on SiliconAllee.com.
South African telco giant Millicom ups its stake in Rocket Internet‘s South American and African holding companies from 20 to 35%. Millicom is more than just an investor. This week’s news is part of a deal that will see Millicom pay €340m, in three instalments, for a 50% share of LIH and AIH by 2014. It holds the option to go to 100% at fair market value by 2016. Visit VentureVillage to find out more.
The Polish investor MCI Management and 360 Capital Partners are joining the current investors of Windeln.de, DN Capital and Acton Capital Partners in an investment round in the size of €15 million. Windeln.de, a German online retailer of baby-oriented products, also announced plans to launch in Switzerland, Poland, and the Czech Republic later this year. Read more about it on GoalEurope.com.