T-Mobile acquired Hollywood actor Ryan Reynolds' Mint Mobile for $1.35B.
Mint Mobile offers low-cost cellular services. The cash (39%) and stock (61%) deal is expected to close later this year.
Reynolds owns a 25% stake in Mint Mobile and is expected to receive more than $300M in cash and stock from the transaction.
- Reynolds was featured in various Mint Mobile TV and social media campaigns.
- The actor said he would remain with the company in a creative capacity, and the company would retain its Mint Mobile brand.
- T-Mobile is the second-largest wireless operator in the U.S. by subscribers.
- The company acquired Sprint in 2020 in a deal valued at over $30B.
