Here’s how much cash Ryan Reynolds pocketed after $1.3 billion Mint Mobile deal
Mint Mobile, partly owned by Ryan Reynolds, is being acquired by T-Mobile as part of a cash-and-stock deal worth as much as $1.35 billion. As a 25 per cent stakeholder in the company, the actor is walking away with more than $300 million in cash and stock, reports Wall Street Journal.
The 46-year-old’s dream come true could also pave the way for the next: owning Ottawa Senators, ET Canada speculates. Tweets similar to one from Eric Engels, senior columnist at Sportsnet, further fueled the theory that Reynolds “may be making a play at ownership of the Ottawa Senators.”
Meanwhile, the Vancouver native will continue to hold a creative role in T-Mobile and “the company would keep the Mint Mobile brand. Reynolds will continue to appear in Mint Mobile’s ads,” per WSJ.
T-Mobile’s purchase of Ka’ena Corp. will give it access the budget wireless provider Mint, along with Ultra Mobile and wholesaler Plum. The brands, which already use T-Mobile for their network, will be run as a separate business unit.
The U.S. wireless carrier said Wednesday that it is acquiring the brands’ sales, marketing, digital and service operations. It plans to use its supplier relationships and distribution scale to help grow the brands and offer competitive pricing and greater device inventory to more U.S. consumers seeking low cost offerings.
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