Ryan Reynolds is the latest celebrity to see his business venture blossom into a major acquisition. On Wednesday, legacy network provider T-Mobile (TMUS) finalized its purchase of the Reynolds-backed Mint Mobile for $1.35 billion.
The sale consists of 61% in stock and 39% in cash. Reynolds — who holds a minority ownership stake in Mint Mobile — will continue to be the face of the company on marketing fronts as the actor has goals to “continue for years” with the service provider, according to Mint Mobile co-founder, David Glickman.
“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,” Reynolds said jokingly in a statement.
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