Ryan Reynolds is selling his budget wireless provider Mint Mobile to T-Mobile US Inc (NASDAQ:TMUS) in a cash and stock deal valued at US$1.35bn. The...
The US wireless carrier said Wednesday that it is acquiring the brands´ sales, marketing, digital and service operations. But he and his backers are now cashing in with the sale expected to net Reynolds US$300mln. "Life is strange and I'm incredibly proud and grateful."
CNN reports that T-Mobile made the announcement on March 15. The $1.35 billion deal includes Mint Mobile's parent company, Ka'ena Corporation, ...
Reynolds bought a minority ownership stake in 2019. Reynolds will retain his "creative role on behalf of Mint," according to a press release. Mint Mobile debuted in 2016 with the intention of providing an "affordable, premium wireless" service.
Mint Mobile, which launched in 2016, is known as a cheaper alternative to expensive mobile plans. The actor Ryan Reynolds purchased an ownership stake in ...
Our North Star is anti-aspiration items.” “Phone service is an essential service,” he said. Also that year, Diageo, a beverage company, announced that it had [acquired Aviation American Gin](https://www.diageo.com/en/news-and-media/press-releases/2020/diageo-to-acquire-aviation-gin-and-davos-brands), a gin company co-owned by Mr. Mint Mobile, which launched in 2016, is known as a cheaper alternative to expensive mobile plans. Mr. Reynolds, and other spirits brands in a deal for up to $610 million.
Life is strange and I'm incredibly proud and grateful," the "Deadpool" actor tweeted about the mega-money deal.
“Over the long-term, we’ll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile,” Sievert said. Mint founders David Glickman and Rizwan Kassim will stay on at T-Mobile after the transaction is complete to manage the brands. T-Mobile US Inc. said Mint and Ultra Mobile are complementary to its existing prepaid services, Metro by T-Mobile, T-Mobile branded prepaid and Connect by T-Mobile. “I never dreamt I’d own a wireless company and I certainly never dreamt I’d sell it to T-Mobile.” Reynolds said in a will give it access to the budget wireless provider Mint, along with Ultra Mobile and wholesaler Plum.
T-Mobile, the nation's third-largest mobile carrier, acquires Ryan Reynolds' Mint Mobile.
“Mint Mobile is the best deal in wireless and today’s news only enhances our ability to delivery for our customers,” Reynolds said in the statement. I am so proud of the entire Mint team and so excited for what’s the come.” We think customers are really going to win with a more competitive and expansive Mint and Ultra.”
T-Mobile has inked a definitive agreement to acquire Ka'ena Corporation and its subsidiaries and brands: Mint Mobile and Ultra Mobile, for approximately ...
"We are so happy T-Mobile beat out an aggressive last-minute bid from my mom Tammy Reynolds as we believe the excellence of their 5G network will provide a better strategic fit than my mom’s slightly-above-average mahjong skills. At the same time, T-Mobile will also be able to use Mint’s digital D2C marketing expertise as part of its broader portfolio to reach new customer segments and geographies. “Over the long-term, we’ll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile.
BrianCoriour, 16 hours agoFrom the american telecom company. Tmobile is in 1st Verizon 2nd AT@T 3rdAmerican top telecommunication company. T-Mobile 1st. AT&T ...
I mean at this point they might as well just but these two and the rest of the MVMO network as well. Do they want to but the big red and blue ball too? I got a year to find a pick. [zanezonair, 22 hours ago](#2672813)Welp time to get a refund for the one year plan I got and find a new phone service provider. So I'm not in a rush. All use T-Mobile towers - 🤣 - Anonymous AT&T will go downhill from here. [None, 8 hours ago](#2673049)Also you guys should stop crying about sold souls.... - ✔️ AT&T holds no place in US competition.
T-Mobile is buying Mint Mobile, and with it, they get access to a unique marketing genius.
wireless market in the years ahead, and investors should see this acquisition as a small step in that direction. Given T-Mobile's strong performance and growing market share, it makes sense that the company is looking to boost its revenue growth through acquisitions. For investors, T-Mobile's acquisition of Ka'ena could help the company maintain its impressive growth trajectory. The plug-in deal is relatively small for the $176 billion market cap buyer, and Reynolds' personal brand looks like a good fit with the "Uncarrier." Moreover, T-Mobile's focus on expanding its network and investing in 5G networks and other new technologies bodes well for its growth prospects. Mint and Ultra Mobile will give it significant boosts both in customer base and network coverage, which are critical factors in the wireless industry. Still, the acquisition of Ka'ena could pay off in a big way if executed properly. As of the end of 2022, T-Mobile's 5G network covered 325 million people across the United States, and the company was ranked the fastest 5G network in the country by multiple independent sources. Regulators may also block the merger if they conclude that it would result in T-Mobile dominating the prepaid wireless market. [TMUS](/quote/nasdaq/tmus/) -2.08%) has announced that it is acquiring Ka'ena Corporation, the parent company of discount carriers Mint Mobile and Ultra Mobile, in a deal worth $1.35 billion. Some experts have raised questions about T-Mobile's ability to integrate the two companies effectively, as well as the impact the deal may have on the broader wireless market. It's a strategic move for T-Mobile, which is seeking to expand its market share and customer base in the highly competitive U.S.
T-Mobile announced Wednesday that it's buying budget wireless provider Mint Mobile, partially owned by Ryan Reynolds, in a larger deal for up to $1.35 ...
What can we do to counteract this endless hall of mirrors and preserve the mental health of today’s teens? [Studies have shown](https://www.sciencedirect.com/science/article/pii/S1740144517305326) that scrolling through an unlimited supply of carefully crafted images and then comparing them with your own real-life circumstances can have a noticeable effect on mood and psychological health. But now you’re feeling inadequate because of what you’re seeing on your screen.” and how they feel about stuff,” said Keneisha Sinclair-McBride, an attending psychologist in the Department of Psychiatry and Behavioral Sciences at Boston Children’s Hospital and an assistant professor of psychology at Harvard Medical School. She describes it as “an epidemic of loneliness and overwhelm.” And a lot of teenagers who are still getting used to their growing bodies are comparing themselves: ‘Well, I don’t look like her.’ (But) she doesn’t look like her either! Sanjay Gupta, during a deep-dive interview this year in which she touched on the topic of the pressure to be perfect. The survey found that 57% of teen girls reported feeling persistently sad or hopeless in 2021; the rate for teen boys was almost half that but still jarringly high, at 29%. It’s the first Youth Risk Behavior survey, conducted every two years, to gather information since the start of the Covid-19 pandemic. The report also documented that nearly one in three teen girls seriously considered attempting suicide. I think that it may start out pretty innocently like… “I don’t think it’s too flimsy at all (to draw a conclusion).
T-Mobile has penned a definitive agreement to acquire Ka'ena Corporation plus its subsidiaries and brands, including the MVNO Mint Mobile, in a deal that ...
Mint founders David Glickman and Rizwan Kassim will join T-Mobile to manage the brands, with the MVNO to run as a separate business unit. Founded in 2016, the MVNO was actually launched by Ultra Mobile. Ka'ena's collective three brands, Mint Mobile, Ultra Mobile, and Plum are estimated to have between two to three million subscribers.
T-Mobile US is acquiring actor Ryan Reynolds' Mint Mobile prepaid MVNO, its parent company and two other associated brands for up to $1.35 billion. The parent company is Ka'ena Corporation, and its subsidiaries are Mint, Ultra Mobile (which focuses on ...
consumers seeking value offerings,” and that it will “leverage Mint’s industry-leading digital D2C marketing expertise as part of its broader portfolio to reach new customer segments and geographies.” We think customers are really going to win with a more competitive and expansive Mint and Ultra.” The transaction is expected to close later this year.
Life is strange and I'm incredibly proud and grateful," the "Deadpool" actor tweeted about the mega-money deal.
Hollywood star Ryan Reynolds is the latest celebrity to make bank through savvy investments that are a world away from his onscreen acting performances.
"For me, I thought I was like a gajillionaire," Reynolds said. "Everything we do is scrappy. He was the second highest-paid actor in the world in 2020, according to Forbes, regularly making over $20m per film, coming in behind Dwayne "The Rock" Johnson. The Deadpool star is expected to see a major payday after T-Mobile, the second largest mobile phone carrier in the US, agreed to purchase a company that Reynolds has invested in. The Canadian actor is set to rake in over $300m (£248m) after a telecoms firm in the US offered to buy a smaller phone network that he owns a stake in. The co-owner of Welsh football team Wrexham AFC also sold a gin brand he co-owned in 2020 for a reported $610m.
Ryan Reynolds Sells Mint Mobile for $1.35 Billion to T-Mobile · Hollywood star cashes in after helping build wireless upstart.
Mr. The deal, expected to close later this year, also includes Ka’ena’s other brands, including Ultra Mobile and wholesaler Plum. Reynolds could help bolster T-Mobile’s suite of prepaid offerings and get a lift from the actor’s marketing expertise. It gives T-Mobile another prepaid brand, along with Metro by T-Mobile and Connect by T-Mobile, that caters to lower-income users. [AT&T](https://www.wsj.com/market-data/quotes/T) Inc. [Autodesk](https://www.wsj.com/market-data/quotes/ADSK) Inc., [Peloton Interactive](https://www.wsj.com/market-data/quotes/PTON) Inc. Maximum Effort expanded into marketing after Mr. [an undisclosed stake in Aviation American Gin](https://www.wsj.com/articles/diageo-to-buy-ryan-reynoldss-gin-other-brands-for-up-to-610-million-11597673592?mod=article_inline) in 2018 and a stake in Mint Mobile in 2019. He is chief creative officer at advertising technology company MNTN and co-founder of production and marketing firm Maximum Effort, which MNTN bought in 2021. Following the planned takeover, T-Mobile said the “Deadpool” star would stay on in a creative capacity and the company would keep the Mint Mobile brand. Reynolds was the personality in the company’s ads, both on television and social media. [the Hollywood star and his backers](https://www.wsj.com/articles/ryan-reynolds-cover-story-interview-11635424093?mod=article_inline) are cashing in: selling the upstart brand to [T-Mobile US](https://www.wsj.com/market-data/quotes/TMUS) Inc.