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Monday, July 15, 2024

Ryan Reynolds' Company Just Sold for More Than $1 Billion

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Phone provider T-Mobile has announced that it acquired Ryan Reynolds' Company Mint Mobile for over a billion dollars. The acquisition is a part of the Ka'ena Corporation purchase, which allowed them control over various companies, including Mint Mobile.

In a video announcing the acquisition, Reynolds admits that Mint Mobile has used the T-Mobile network since the company was created. He goes on to say that a big reason why many Mint Mobile users "have such a great experience is because with Mint is due to the T-Mobile network."

iPhone 14 and iPhone 14 Plus

As the video continues, Mike Sievert, the CEO of T-Mobile, confirms that Mint Mobile users would continue to pay $15 a month for its services. In addition to that, Mint Mobiles founders David Glickman and Rizwan Kassim will join T-Mobile to help manage the brands, allowing them to operate as a separate business within the company. You also won't have to worry about Reynolds leaving either because he'll still be part of the Mint Mobile company.

"I never dreamt I'd own a wireless company, and I certainly never dreamt I'd sell it to T-Mobile," Reynolds wrote on Twitter. "Life is strange, and I'm incredibly proud and grateful. #MintMobile"

I never dreamt I’d own a wireless company and I certainly never dreamt I’d sell it to T-Mobile. Life is strange and I’m incredibly proud and grateful. #MintMobile

— Ryan Reynolds (@VancityReynolds) March 15, 2023

The acquisition has yet to be greenlit, but it's expected to go through later this year. T-Mobile had said in a statement that it "does not currently expect the transaction to have any impact on the company's 2023 guidance or its ongoing stock repurchase program."

For more on Ryan as an actor, check out our list of the best Ryan Reynolds movies of all time.

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