The Canadian actor sold his stake in the prepaid budget wireless provider to telecoms operator T. The cash-and-stock deal, which includes two other brands, is worth 1.35 billion. Hollywood star Ryan Reynolds is set to make over 280 million after the sale of Mint Mobile. “Nice to have a new dad!” Reynolds exclaims at the end of the clip after he hugs the T-Mobile chief executive. The telecommunications giant T-Mobile announced it's buying the budget cell service provider Mint Mobile best known for its ads with actor and part-owner Ryan Reynolds.
On social media, Reynolds shared a video (produced by his Maximum Effort advertising and production company) featuring Sievert. “Mint has built an incredibly successful digital direct-to-consumer business that continues to deliver for customers on the Un-carrier’s leading 5G network and now we are excited to use our scale and owners’ economics to help supercharge it - and Ultra Mobile - into the future,” T-Mobile CEO Mike Sievert said in announcing the deal. T-Mobile said it does not currently expect the transaction to have any impact on the company’s 2023 financial guidance or its ongoing stock repurchase program. The actual price to be paid by T-Mobile will be based on Ka’ena’s performance during certain periods before and after the closing and is also subject to working capital adjustments and other contractual reserves, the carrier said. T-Mobile will pay up to a maximum of $1.35 billion in a combination of 39% cash and 61% stock to acquire Ka’ena. T-Mobile said it will maintain Mint Mobile’s current pricing plans, which start at $15 per month for unlimited talk and text and up to 4 GB of data/month. T-Mobile is acquiring Mint Mobile, the budget-friendly wireless provider partially owned by Ryan Reynolds, in a deal valued at up to 1.35 billion, the company on Wednesday.
I am so proud of the entire Mint team and so excited for what’s to come.” “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 5G network will provide a better strategic fit than my mom’s slightly-above-average mahjong skills. “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. The actor-entrepreneur owns a roughly 25% stake in Mint, according to Bloomberg, which previously reported on the company’s deal talks with T-Mobile. Reynolds will continue in his creative role as a spokesman for Mint.
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