Actor and entrepreneur Ryan Reynolds and other owners of Mint Mobile have sold the direct-to-consumer prepaid wireless brand to T-Mobile in a deal worth $1.35 billion.
Publicly traded U.S. telco T-Mobile announced the deal today to acquire Mint’s privately held parent, Ka’ena Corporation, which also houses the Ultra Mobile and Plum brands. It will pay up to a maximum of $1.35 billion in a combination of 39% cash and 61% stock. The actual price will be based upon Ka’ena’s performance “during certain periods before and after the closing,” with the transaction expected to close later this year.
Ryan Reynolds will continue on in his creative role on behalf of Mint. Mint founders David Glickman and Rizwan Kassim will remain onboard at T-Mobile to manage the brands, which will generally operate as a separate business unit.
“Mint Mobile is the best deal in wireless and today’s news only enhances...
Publicly traded U.S. telco T-Mobile announced the deal today to acquire Mint’s privately held parent, Ka’ena Corporation, which also houses the Ultra Mobile and Plum brands. It will pay up to a maximum of $1.35 billion in a combination of 39% cash and 61% stock. The actual price will be based upon Ka’ena’s performance “during certain periods before and after the closing,” with the transaction expected to close later this year.
Ryan Reynolds will continue on in his creative role on behalf of Mint. Mint founders David Glickman and Rizwan Kassim will remain onboard at T-Mobile to manage the brands, which will generally operate as a separate business unit.
“Mint Mobile is the best deal in wireless and today’s news only enhances...
- 3/15/2023
- by Jill Goldsmith
- Deadline Film + TV
Ryan Reynolds is flying high with his latest business deal.
The Aviation Gin spokesperson and Wrexham club football owner announced that prepaid wireless brand Mint Mobile has been acquired by T-Mobile in a deal worth up to $1.35 billion. Reynolds is a minority stakeholder in the brand holding approximately 25 percent.
“I only want the best for Mint Mobile customers. I think I’ve found it,” Reynolds tweeted, announcing the T-Mobile buyout.
The “Deadpool” actor continued, “I never dreamt I’d own a wireless company and I certainly never dreamt I’d sell it to T-Mobile. Life is strange and I’m incredibly proud and grateful.”
The deal is expected to close later in 2023, with T-Mobile acquiring Ka’ena Corp. and its subsidiary brands including Mint Mobile, international wireless service Ultra Mobile, and wholesaler Plum. T-Mobile will pay up to $1.35 billion in a combination of 39 percent cash and 61 percent stock to acquire Ka’ena.
The Aviation Gin spokesperson and Wrexham club football owner announced that prepaid wireless brand Mint Mobile has been acquired by T-Mobile in a deal worth up to $1.35 billion. Reynolds is a minority stakeholder in the brand holding approximately 25 percent.
“I only want the best for Mint Mobile customers. I think I’ve found it,” Reynolds tweeted, announcing the T-Mobile buyout.
The “Deadpool” actor continued, “I never dreamt I’d own a wireless company and I certainly never dreamt I’d sell it to T-Mobile. Life is strange and I’m incredibly proud and grateful.”
The deal is expected to close later in 2023, with T-Mobile acquiring Ka’ena Corp. and its subsidiary brands including Mint Mobile, international wireless service Ultra Mobile, and wholesaler Plum. T-Mobile will pay up to $1.35 billion in a combination of 39 percent cash and 61 percent stock to acquire Ka’ena.
- 3/15/2023
- by Samantha Bergeson
- Indiewire
Actor and producer Ryan Reynolds has cut his first billion-dollar deal.
Mint Mobile, the wireless firm that counts Reynolds as a minority owner, has been acquired by wireless giant T-Mobile in a deal that could value the startup firm at $1.35 billion (the actual payout will depend on the performance of the brands before and after the deal closes). T-Mobile will pay the deal in 39 percent cash and 61 percent stock.
It is not immediately clear how much Reynolds will personally see from the deal, though he is said to own between 20-25 percent of Mint Mobile, implying a low nine-figure payday.
“Mint Mobile is the best deal in wireless and today’s news only enhances our ability to deliver for our customers,” Reynolds said in a statement Wednesday. “We are so happy T-Mobile beat out an aggressive last-minute bid from my mom Tammy Reynolds as we believe the excellence of their...
Mint Mobile, the wireless firm that counts Reynolds as a minority owner, has been acquired by wireless giant T-Mobile in a deal that could value the startup firm at $1.35 billion (the actual payout will depend on the performance of the brands before and after the deal closes). T-Mobile will pay the deal in 39 percent cash and 61 percent stock.
It is not immediately clear how much Reynolds will personally see from the deal, though he is said to own between 20-25 percent of Mint Mobile, implying a low nine-figure payday.
“Mint Mobile is the best deal in wireless and today’s news only enhances our ability to deliver for our customers,” Reynolds said in a statement Wednesday. “We are so happy T-Mobile beat out an aggressive last-minute bid from my mom Tammy Reynolds as we believe the excellence of their...
- 3/15/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Ryan Reynolds is a busy man, and we’re not just talking about all of his Hollywood commitments.
Sure, he’s attached to at least 13 movies right now and continues to add more and more onto his slate at a rather alarming rate. But aside from just upcoming films, he’s also got several different businesses that he’s heavily involved in. One of which is Mint Mobile.
The phone company has been in the actor’s portfolio for a while now, with Reynolds purchasing an ownership stake it in back in November 2019, and ever since, he’s shown no shame in helping to promote it via various ads and promos which are always entertaining to watch. And that’s no different with Mint Mobile’s latest video, which you can check out below.
Everyone seems excited about #5G. I am too? I think? pic.twitter.com/rk0OugA9ft...
Sure, he’s attached to at least 13 movies right now and continues to add more and more onto his slate at a rather alarming rate. But aside from just upcoming films, he’s also got several different businesses that he’s heavily involved in. One of which is Mint Mobile.
The phone company has been in the actor’s portfolio for a while now, with Reynolds purchasing an ownership stake it in back in November 2019, and ever since, he’s shown no shame in helping to promote it via various ads and promos which are always entertaining to watch. And that’s no different with Mint Mobile’s latest video, which you can check out below.
Everyone seems excited about #5G. I am too? I think? pic.twitter.com/rk0OugA9ft...
- 10/14/2020
- by Matt Joseph
- We Got This Covered
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