Rakuten Kobo Inc. agreed to acquire Tolino technology platform from Deutsche Telekom AG (DB:DTE) on January 2, 2017. The brand name and customers of Tolino will be retained. The transaction is subject to approval from Federal Cartel Office and is expected to close at the end of January 2017. As of January 20, 2017, the Federal Cartel Office of Germany approved the transaction. Philip Kempermann, Florian Brombach, Miriam Schäfer, Tim Remmel, Lutz Martin Keppeler, Michael Kuska, Markus Klinger, Astrid Luedtke, Rainer Velte, Beatrice Stange and Michael Vetter of Heuking Kühn Lüer Wojtek along with Justus Binder, Jan Weißgerber, Thomas Gierath, Thomas Fischl, Frank Mizera, Alexander Hardinghaus, Rolf Hünermann and Maximilian Santüns of Reed Smith LLP acted as legal advisors whereas, KPMG Inc. acted as financial advisor of Rakuten Kobo Inc. Daniel Grewe, Wolfgang Schüler, Christian Schmitt, Florian Lauscher, Jennifer Lynn Konrad of Seitz Partnerschaftsgesellschaft mbB acted as legal advisors to Deutsche Telekom.