Mint Mobile, partly owned by actor Ryan Reynolds, is being acquired by T-Mobile as part of a cash-and-stock deal worth as much as $1.35 billion.
“I never dreamt I’d own a wireless company and I certainly never dreamt I’d sell it to T-Mobile." Reynolds said in aThe U.S. wireless carrier said Wednesday that it is acquiring the brands’ sales, marketing, digital and service operations. It plans to use its supplier relationships and distribution scale to help grow the brands and offer competitive pricing and greater device inventory to more U.S. consumers seeking low cost offerings.
T-Mobile CEO Mike Sievert said the company plans to give a boost to Mint's already successful digital direct-to-consumer business. Mint founders David Glickman and Rizwan Kassim will stay on at T-Mobile after the transaction is complete to manage the brands. Reynolds, meanwhile, will remain in his creative role for Mint.
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