Ryan Reynolds-Backed Mint Mobile Sold To T-Mobile; Actor Says Giant Telco “Beat Out Aggressive Last-Minute Bid From My Mom”

deadline.com:

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.

Publicly traded U.S. telco T-Mobile announced the deal today to acquire Mint’s privately held parent, Ka’ena Corporation, which also houses the Ultra Mobile and Plum brands.

It will pay up to a maximum of $1.35 billion in a combination of 39% cash and 61% stock. The actual price will be based upon Ka’ena’s performance “during certain periods before and after the closing,” with the transaction expected to close later this year.

Ryan Reynolds will continue on in his creative role on behalf of Mint. Mint founders David Glickman and  Rizwan Kassim will remain onboard at T-Mobile to manage the brands, which will generally operate as a separate business unit. “Mint Mobile is the best deal in wireless and today’s news only enhances our ability to deliver for our customers.