T-Mobile is buying Ryan Reynolds’ Mint Mobile for up to $1.35 billion
T-Mobile is buying Mint Mobile, the budget-friendly mobile carrier that’s partially owned by Ryan Reynolds. In a post published on Wednesday, T-Mobile announced that the deal’s valued at up to $1.35 billion and comes as T-Mobile looks to build out its prepaid phone offering.
The acquisition should close later this year and involves a 39 percent cash and 61 percent stock purchase of Mint’s parent company, Ka’ena Corporation. The price could change, however, as it depends on Mint’s performance.
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. #MintMobile
— Ryan Reynolds (@VancityReynolds) March 15, 2023
Once the deal closes, Mint...