28 July 2015

Deutsche Telekom buys ClickandBuy

25 March 2010  |  8244 views  |  0 add to basket

Deutsche Telekom has agreed a deal to buy Internet payment service provider ClickandBuy. Financial terms were not disclosed.

The German telco has held a stake in ClickandBuy through its venture capital company T-Venture since 2006 and currently owns 20.2% of its shares.

Having received approval from supervisory bodies and the UK's FSA, the e-money firm will now become a wholly owned subsidiary of Deutsche Telekom.

Founded in 1999 in Cologne, ClickandBuy is now based in London. The firm's online payment technology is used by over 16000 e-merchants in more than 120 currencies worldwide.

Charles Fraenkl, CEO, ClickandBuy, says: "ClickandBuy is in an exceptionally good position and is very happy about the huge advantages this synergy contains regarding the realisation of its global strategic goals which will be made possible through the involvement of Deutsche Telekom."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

18 January, 2010
12 March, 2007

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Visa confirms Visa Europe acquisition talk...
8694 views comments | 16 tweets | 20 linkedin
Card fraud rises across Europe - ECB
7759 views comments | 25 tweets | 20 linkedin
Santander unveils 'cash kitty' app
7603 views comments | 24 tweets | 26 linkedin
Square reportedly files for IPO
6071 views comments | 16 tweets | 13 linkedin
Banks lag manufacturers and telcos in race...
5857 views comments | 26 tweets | 13 linkedin

Featured job

Basic £100K+ OTE £200K+
London

Find your next job