ProCEEd #51 > Telegram won’t sell to Google, Bitstamp receives EU licence, Ukraine’s top startups named

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It’s Monday again, and here comes the fresh issue of the ProCEEd > Newsletter. Thanks for reading!

The past week has brought a healthy number of stories, including rather scandalous ones like the rumour of Google mulling a $1 billion buyout of Telegram. This, however, turned out to be “complete bullshit,” if a spokesperson to the company can be believed.

Startups have been pushing it forward as well, so the sections on funding deals and other announcement haven’t done empty at all. Among the long reads in the bottom there’s also a nice round-up of events that will be taking place in May in CEE—check it out!

Speaking of which, later this week I’m going to be heading to Vilnius, Lithuania, to attend the LOGIN conference. I’ll also be giving a brief talk on Friday, May 6, at 11:00 local time in the Startup Lithuania lounge about the way media are covering the region’s startup scene. Do come along and say hi, if you’re there!

Have a good week, and see you around!


Slovenia’s Bitstamp has received a licence to operate as a payment institution in the EU

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Rumours of Google buying Telegram are “complete bullshit,” spokesperson says

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Startups & Ecosystems

Funding Rounds and M&A

Bigger Companies

  • Google Street View has come to Albania
  • Mail.Ru Group has announced Jungle Clash, a mobile game similar to Supercell’s Clash Royale
  • CloudFlare has opened a data centre in Kyiv, Ukraine
  • Russia has launched the first rocket from its brand-new spaceport
  • Media have reported that Google CEO Sundar Pichai reportedly met with Telegram founder Pavel Durov to discuss a $1 billion acquisition. Spokesperson to Telegram, however, called the rumours “complete bullshit
  • Yandex has announced its financial results in the first quarter
  • Hong Kong-based REX Global Entertainment Holdings has purchased a 30% stake in Russia’s Yota Devices for $46.5 million

Governments, Law, and Policy

  • Russian government-backed Rusnano has lost $200 million for poor investment decisions
  • An Estonian man has been sentenced in U.S. to seven years in prison for cyber fraud

Long Reads


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