Ryan Reynolds is about to get a multi-million dollar payday, and it’s not even related to “Deadpool 3.”
Telecom giant T-Mobile US Inc. TMUS,
announced Wednesday that it plans to buy Kaena Corp., the parent of prepaid units Mint Mobile and Ultra Mobile and wholesaler Plume, in a deal worth $1.35 billion that includes 39% cash and 61% stock.
The final purchase price will be determined by Kaena’s performance after closing, which is expected to occur later this year.
became part owner of Reynolds mint mobile back in 2019A company that brands itself as a bare-bones wireless carrier with low prices, and owns between 20% and 25% of the company, according to a 2021 report new york post, T-Mobile said Reynolds would “continue his creative role on behalf of Mint.”
And actor Reynolds had a lot to say about his latest deal, joking that T-Mobile beat out an offer from his mom to acquire the company.
“Mint Mobile is the BEST deal in wireless and today’s news only enhances our ability to deliver that to our customers. We are so pleased that T-Mobile overcame my mother Tammy Reynolds’ aggressive bid at the last minute, because We believe the excellence of their 5G network will provide a better strategic fit than my mother’s slightly below-average mahjong skills,” Reynolds joked in a video clip shared on his social media channels. “I am very proud of the entire Mint team and very excited for what is to come.”
And the sale, if it’s finalized, will have a huge payoff for the actor – who is, all joking aside, proving to be a veritable business mogul.
It is possible that the sale could net Reynolds more than $100 million based on Mint Mobile’s valuation within the $1.35 billion deal. Mint was looking to be acquired in 2021 at a valuation of $600 million to $800 million, according to new york post,
Representatives for Reynolds and Mint Mobile did not respond to MarketWatch’s request for comment on this story.
According to Forbes, Reynolds had a net worth of $71.5 million in June 2020 — and that was before his big Aviation Gin and Mint Mobile deals, which means he’s likely got a lot more in the bank now.
And he is becoming one of the top Hollywood businessmen. In 2020, he sold his Aviation Gin brand to Diageo in a deal worth at least $335 million.
He is one of the owners of Welsh football club Wrexham AFC alongside actor Rob McElhenney. In addition, he worked at Match Group’s MTCH,
Board of directorshas an equity stake in Fubo TV
and he co-founded Maximum Effort, a production and advertising company.
Mint Mobile is founded and run by CEO David Glickman, who said he was impressed with Reynolds as a pitchman during the press junket for the first “Deadpool” film. And in addition to “Deadpool,” Reynolds is known for his roles in films including “The Proposal,” “Mississippi Grind,” “Buried” — and his self-referential and self-deprecating humor.
As part of the deal, T-Mobile says it will continue to offer Mint’s flagship $15-a-month phone service pricing.
Shares of T-Mobile fell 1.55% in midday trading Wednesday.