Deadpool star Ryan Reynolds just got richer by $300 million after selling his 25% stake in Mint Mobile. Wireless company T-Mobile is paying $ 1.35 billion to acquire Ka’ena Corporation, the parent company of Mint Mobile, international provider Ultra Mobile, and wholesaler Plum. The deal will be paid out in 39 percent cash and 61 percent stock. Entrepreneur Reynolds, who starred in the provider’s commercials, will continue with his creative role. “I never dreamt I’d own a wireless company, and I certainly never dreamt I’d sell it to T-Mobile,” Reynolds said in a tweet. “Life is strange, and I’m incredibly proud and grateful.”
T-Mobile CEO Mike Sievert said the company intends to heighten Mint’s thriving business. “Over the long-term, we’ll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile,” Sievert said. “We think customers are really going to win with a more competitive and expansive Mint and Ultra.” On the one hand, Reynolds will continue to contribute to a creative space at Mint under new ownership, and on the other, Mint founders David Glickman and Rizwan Kassim will stay on as brand managers.
Reynolds added his legendary dose of humor to the incredible $1.35 billion deal. He stated, “Mint Mobile is the best deal in wireless, and today’s news only enhances our ability to deliver for our customers.” He continued, “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.” The Hollywood actor joined the company after becoming a minority owner in 2019.
