David Glickman: Last News

Actor and entrepreneur Ryan Reynolds and other owners of Mint Mobile have sold the direct-to-consumer prepaid wireless brand to T-Mobile in a deal worth $1.35 billion.

Todd Spangler NY Digital Editor Mint Mobile, the prepaid wireless brand in which Ryan Reynolds holds a minority ownership stake, has been acquired by T-Mobile in a deal worth up to $1.35 billion. Under the pact, expected to close later this year, T-Mobile will acquire Ka’ena Corp. and its subsidiaries and brands: Mint Mobile, international wireless service Ultra Mobile and wholesaler Plum. T-Mobile said it will be able “to leverage Mint’s industry-leading digital [direct-to-consumer] marketing expertise as part of its broader portfolio to reach new customer segments and geographies.” Following the deal’s close, Mint Mobile founders David Glickman and Rizwan Kassim will remain at T-Mobile to manage the brands, which will “generally” operate as a separate business unit. Reynolds will continue in his creative role as a spokesman for Mint, in which the actor-entrepreneur owns a roughly 25% stake.

EXCLUSIVE: Producer Todd Lieberman has formed Hidden Pictures, and tapped Alex Young for the president post. Formed to generate film and TV projects, Hidden Pictures has entered a strategic film partnership with Lionsgate. Hidden Pictures has gotten off the ground with a film rights deal in competition for the Freida McFadden bestselling novel The Housemaid.