WATCH: Ryan Reynolds announces T-Mobile will acquire Mint Mobile
Julia Johnson
Video Embed
Movie star Ryan Reynolds announced on Wednesday that T-Mobile is acquiring Mint Mobile, the cellphone service company of which he is part owner.
T-Mobile revealed that it entered a “definitive agreement” to acquire the Ka’ena Corporation. This means it will also acquire its brands and subsidiaries, including Mint Mobile, Ultra Mobile, and wireless wholesaler Plum.
JOY BEHAR SLAMS GOP LEADERS’ WANING UKRAINE SUPPORT: ‘WE DIDN’T LEARN FROM HITLER?’
Reynolds said in a press release from T-Mobile, “Mint Mobile is the best deal in wireless, and today’s news only enhances our ability to deliver for our customers.”
https://twitter.com/VancityReynolds/status/1635989069070061577?s=20
“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,” he joked.
The founders of Mint Mobile, David Glickman and Rizwan Kassim, will also move to T-Mobile and continue managing the brands. Reynolds will further continue his creative role, per the release.
According to the company, “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.”
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
“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,” said CEO of T-Mobile Mike Sievert. “Over the long-term, we’ll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile. We think customers are really going to win with a more competitive and expansive Mint and Ultra.”
In an additional tweet, Reynolds wrote “Mint wasn’t an obvious next step after @AviationGin . Low-cost wireless isn’t glamorous. Yet, in the 3+ years, @MintMobile grew exponentially and @MaximumEffort has grown to over 40 people from 3. So proud of the team and so lucky to have my partners @grd212 & @JamesWT.”