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.
Per a press release, T-Mobile is especially looking to “leverage Mint’s industry-leading digital [direct-to-consumer] marketing expertise as part of its broader portfolio to reach new customer segments and geographies.”
Mint Mobile founders David Glickman and Rizwan Kassim will remain at T-Mobile to manage the brands, which will operate as a separate business unit. Reynolds will stay onboard as a spokesperson in a creative role.
“Mint Mobile is the best deal in wireless and today’s news only enhances our ability to deliver for our customers,” Reynolds said. “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. I am so proud of the entire Mint team and so excited for what’s to come.”
T-Mobile announced it will continue 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.
“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 stated.
I only want the best for Mint Mobile customers. Think I’ve found it. pic.twitter.com/nSNmGKLmN2
— Ryan Reynolds (@VancityReynolds) March 15, 2023