A new tax law in the UK that will take effect at the beginning of 2015 seeks to close a loophole that exempts online music, apps, and downloads from a 20% value added tax.
Tags: UK
Spacious helps startups find suitable office space in London
London, UK-based commercial property marketplace Spacious helps startups find suitable office spaces in the area by providing them with a comprehensive list of available rental properties and an online contract.
British gaming firm King prices shares at $22.50 for US IPO
London, UK-based gaming firm King priced its shares at $22.50 for its initial public offering (IPO) in New York, US, which values that company at over $7 billion.
WPP Digital picks up majority stake in UK digital consultancy Cognifide
Dublin, Ireland-based global communications services firm WPP Digital picked up a majority stake in London, UK-based digital consultancy firm Cognifide for an undisclosed sum in a deal that will deliver mutual benefits to both companies.
British e-commerce analytics firm Ometria raises $1.5M in seed funding
London, UK-based e-commerce analtyics firm Ometria raised $1.5 million in a seed funding round from large group of angel investors to expand its workforce and develop its product.
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London, UK-based education startup Feynlabs is branching out to Miami, US to teach kids grown-up technology for programming and computer science using an accelerated learning approach.
Zaragoza, Spain-based paper and packaging firm Saica purchased Istanbul, Turkey-based paperboard producer OMK for an undisclosed amount to establish its position in the European market.
Winston-Salem, US-based specialty crop developer Technology Crops International (TCI) bought Hampshire, UK-based firm Premium Crops Ltd for an undisclosed amount to expand its product portfolio.
London, UK-based Video-on-Demand (Vod) service Screenburn raised $500,000 (£302,000) in an angel funding round to fuel its expansion for 2014 and to continue monetizing the presence of music and film artists on Facebook.
American rap superstar Kanye West is buying 10 Burger King outlets across the UK, France, and Italy for an undisclosed amount as a wedding present for fiancee Kim Kardashian.
Munich, Germany-based app crowdtesting startup Testbirds picked up €2.1 million in its Series A funding round led by Seventure Partners for its expansion across Europe.
Cupertino, US-based cloud marketing startup Ensighten purchased London, UK-based tag management firm TagMan for an undisclosed sum to gain traction over its bigger rivals in the website marketing sector.
UK-based medical professionals' e-learning network Meducation picked up $1 million in seed capital from the Technology Strategy Board and private investors to help medical students and practitioners gain access to more educational materials.
Cupertino, US-based electronics giant Apple started selling the 8GB version of iPhone 5C in Apple stores in the UK at £40 less than the original cost to make up for the low sales of the said device.
