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Bär & Karrer Ltd.

BRANDSCHENKESTRASSE 90, 8027 ZÜRICH, SWITZERLAND
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Deutsche Telekom AG acquires ClickandBuy

April 2010

The internet payment service provider ClickandBuy, one of the leading payment services in the internet, has become a wholly-owned subsidiary of Deutsche Telekom AG. Deutsche Telekom held, via its venture capital arm, a minority participation in ClickandBuy since 2006. Deutsche Telekom AG has now acquired all outstanding shares in the internet payment service provider ClickandBuy. The share purchase agreement was signed on 23 March 2010 and the transaction was closed on 1 April 2010.

Bär & Karrer acted as legal counsel of Deutsche Telekom AG. The Bär & Karrer team included Michael Trippel (Corporate), Markus Wang (Intellectual Property) and Daniela Fiorillo (Corporate).

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