T-Mobile buys Ryan Reynolds-backed Mint Mobile for $1.35b
Mint Mobile, the prepaid budget wireless company that counts actor Ryan Reynolds among its owners, is being bought by T-Mobile US in a deal expected to close later this year for as much as $1.35 billion , giving the"uncarrier" yet another prepaid offering.
The final price of the sale will be determined when the deal closes and is dependent on the performance of the brands between now and when the sale closes, T-Mobile said.put his stake at between 20 and 25 percent. That would make for a pretty nice haul if the T-Mobile deal goes through. That will go down well, like the sale of Aviation Gin for $610m in 2020, where he collected a large share as co-owner of the spirits biz.
Once the merger is complete, Mint founders David Glickman and Rizwan Kassim will remain to manage the brands being purchased from Ka'ena, which T-Mobile said would generally operate as a separate business unit. Mint and Ultra won't replace T-Mobile's existing prepaid offerings, the company said, and will operate alongside them for the moment.
The tech transition the sale won't require much work at all, since Mint has operated as a virtual network operator on T-Mobile's own infrastructure since its founding in 2015.
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