Ryan Reynolds sells his mobile company for massive $1.35 billion
This contract was won by T-Mobile. On March 15, the firm announced the acquisition of Ka’ena Corporation, its subsidiaries, and its brands, including Ryan Reynolds’ Mint Mobile.
“Mint Mobile is the best deal in wireless and today’s news only enhances our ability to deliver for our customers,” he informed. “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.”
In a video with T-Mobile CEO Michael Sievert, Ryan joked about the news.
Deadpool laughed. “so excited to have you and the whole Mint team join the T-Mobile family.”
When Ryan promised supporters that Mint Mobile’s “extremely spontaneous and almost irresponsible communications approach will likewise stay unchanged,” Mike said he didn’t recall “reckless.” The Free Guy alum said he “wrote that into the contract with crayon.”
Ryan was happy with the acquisition.
The 46-year-old, whose father James C. Reynolds died in 2015, hugged Mike and added, “Nice to have a new dad.”
The purchase appears expensive. T-Mobile will pay up to $1.35 billion in a mix of 39% cash and 61% stock to purchase Ka’ena, which comprises Ultra Mobile, Plum, and Mint Mobile, according to the press release.
The purchase comes two and a half years after Diageo bought Ryan’s spirit brand Aviation American Gin for up to $610 million through its Davos Brands portfolio acquisition, with him retaining ownership.
Ryan’s been busy. He stars in Deadpool 3, runs Maximum Effort, Wrexham AFC, and his other businesses, and he and Blake recently had their fourth child.
Ryan’s hobbies intersect despite his several roles.
“Whether you’re talking about the unexpected nature of sports, low-cost wireless, gin, connected TV marketing, ad tech, those kinds of things, the connective tissue between each one of those things is actually, ironically, storytelling, the same way it is with movies,” Ryan said to press. “That’s the thing I love about these businesses and their variety of them.”