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Ryan Reynolds’ wireless company to be sold in $1.35 billion T-Mobile deal

Big money is on the way for Ryan Reynolds.

The actor’s Mint Mobile company is being acquired by T-Mobile as part of a larger deal worth up to $1.35 billion, executives announced Wednesday.

T-Mobile said it would pay 39% in cash and 61% in stock to buy Ka’ena Corporation, of which Mint Mobile is a subsidiary.

Reynolds, who appears frequently in Mint advertisements, has a 25% stake in the affordable wireless company, according to Bloomberg.

“Mint Mobile is the best deal in mobile and today’s news only enhances our ability to serve our customers,” Reynolds said in a statement Wednesday.

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“We are very pleased that T-Mobile beat out a last-minute aggressive offer from my mother, Tammy Reynolds, as we believe that the excellence of their 5G network will provide a better strategic mix than my slightly above-average mahjong skills. mother,” he said. aggregate. “I am very proud of the entire Mint team and very excited for what is to come.”

The 46-year-old Canadian-born Reynolds will continue to play a creative role at the Mint, which he became a part owner in 2019.

Reynolds, known for Marvel’s “Deadpool” movies and hit comedies like “Free Guy” and “Pokémon Detective Pikachu,” previously sold his Aviation Gin company for $610 million in 2020. He is part of the ownership group behind Wrexham Association Football Club with fellow actor Rob McElhenney.

Wednesday’s deal also includes T-Mobile acquiring international calling service Ultra Mobile and wholesaler Plum.

“In the long term, we will also benefit from applying the marketing formula Mint has become famous for in more parts of T-Mobile,” Mike Sievert, T-Mobile’s chief executive officer, said in a statement. “We think customers are really going to win with more competitive and expansive Mint and Ultra.”

Reynolds, who has four children with his wife Blake Lively, also celebrated the deal in a pair of tweets on Wednesday.

“I only want the best for Mint Mobile customers. I think I have found it,” she wrote. “I never dreamed that I would own a wireless company and I certainly never dreamed that I would sell it to T-Mobile. Life is strange and I am incredibly proud and grateful.”

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