Producer and actor, Ryan Reynolds is a minority owner of Mint Mobile, which was just acquired by wireless giant T-Mobile for a deal that values the startup firm at $1.35 billion. T-Mobile plans on paying the deal in 39 percent cash and 61 percent stock.
It hasn’t been clarified how much of the money Ryan Reynolds will actually receive, however, he is rumored to be owed between 20-25 percent of Mint Mobile.
Reynolds made a statement about the deal saying, “Mint Mobile is the best deal in wireless and today’s news only enhances our ability to deliver for our customers, 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.”
The terms of the deal have Reynolds continuing to work in his creative role for Mint. While T-Mobile CEO Mike Sievert released a statement saying, “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.”
Photo Credit: DFree / Shutterstock.com