T-Mobile will buy Ryan Reynolds-backed Mint Mobile for up to $1.35 billion
The 'Deadpool' star will stay on in a creative role.
Just under three and a half years after Ryan Reynolds bought into Mint Mobile and became the public face of the provider, the Deadpool star is set to make a windfall from his investment. T-Mobile has announced an agreement to buy Mint Mobile's parent company Ka’ena for as much as $1.35 billion in cash and stock.
The final price will depend on Ka’ena’s performance for a certain period before and after the deal closes, which is expected to happen later this year. Ka’ena also owns Ultra Mobile, a provider focused on international calling, and wholesaler Plum.
Reynolds is believed to own between 20 and 25 percent of Mint, according to a 2021 report by The New York Post. He'll stay on in his creative role as Mint spokesman. Mint was founded in 2015 and spun out from Ultra in late 2019.