In 2019, Ryan Reynolds reportedly acquired a 25% stake in Mint Mobile; T-Mobile's deal valued at up to $1.35B may have earned him at least $300M
India, Oct. 16 -- Deadpool star Ryan Reynolds is known for his movies and his jokes, but he also had a major business win. In March 2023, T-Mobile announced it would acquire Mint Mobile's parent company, Ka'ena Corporation, for up to $1.35 billion, according to Fortune. Reynolds held an estimated 25% stake in Mint.
T-Mobile announced the deal on March 15, 2023. T-Mobile said $1.35 billion was the maximum price, with the final amount depending on Ka'ena's performance before and after closing. About 39% would be paid in cash and 61% in shares. The headline figure was a cap, not a guaranteed payout. Other Ka'ena brands, including Ultra Mobile and Plum, were also included in the sale. Mint founders David Glickman and Rizwan Kassim were set t...
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