T-Mobile to acquire Ryan Reynolds’ Mint Mobile in $1.35 billion deal

T-Mobile to acquire Ryan Reynolds’ Mint Mobile in $1.35 billion deal

a year ago
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https://techcrunch.com/2023/03/15/t-mobile-to-acquire-ryan-reynolds-mint-mobile-in-1-35-billion-deal/

T-Mobile is acquiring Mint Mobile, the budget-friendly wireless provider partially owned by Ryan Reynolds in a deal valued at up to $1.35 billion, the company announced on Wednesday. The move indicates that T-Mobile is looking to boost its prepaid offerings.

In a blog post, T-Mobile said it reached a deal to acquire Ka’ena Corporation, the parent company to prepaid wireless brands Mint Mobile and Ultra Mobile, as well as wireless wholesaler Plum for a maximum of $1.35 billion in a combination of 39% cash and 61% stock. The final purchase price will be based on Mint’s performance during certain periods before and after the closing. T-Mobile expects to close the deal later this year.

T-Mobile to acquire Ryan Reynolds’ Mint Mobile in $1.35 billion deal

Mar 15, 2023, 2:23pm UTC
https://techcrunch.com/2023/03/15/t-mobile-to-acquire-ryan-reynolds-mint-mobile-in-1-35-billion-deal/ > T-Mobile is acquiring Mint Mobile, the budget-friendly wireless provider partially owned by Ryan Reynolds in a deal valued at up to $1.35 billion, the company announced on Wednesday. The move indicates that T-Mobile is looking to boost its prepaid offerings. > In a blog post, T-Mobile said it reached a deal to acquire Ka’ena Corporation, the parent company to prepaid wireless brands Mint Mobile and Ultra Mobile, as well as wireless wholesaler Plum for a maximum of $1.35 billion in a combination of 39% cash and 61% stock. The final purchase price will be based on Mint’s performance during certain periods before and after the closing. T-Mobile expects to close the deal later this year.