Mint Moblie, a mobile operator whose investor and founder is actor Ryan Reynolds, was acquired by T-Mobile for BRL 1.35 billion (R$6.8 billion), 39% of the amount owed be paid in cash and 61% in shares. The transaction is expected to close later this year.

However, the actual value of the business is subject to working capital adjustments, the performance of the group during certain periods, as well as other contractual reserves.

In a statement, T-Mobile, which is the second largest ISP in the United States, announced the acquisition of Ka’ena Corporation and its subsidiaries, including Mint Mobile, Ultra Mobile and Plum, a wholesaler. According to the company, the plan is to use its vendor relationships and distribution scale to grow the business and offer competitive pricing, in addition to having a larger inventory of devices for greater number of consumers.

Mint Mobile was founded in 2016 by Canadian actor David Glickman and Rizwan Kassim. With the deal, Ryan Reynolds will continue his creative role and maintain “a continuing stake” in the company, where he owns around a 25% interest, having earned around $337.5 million from the deal. While the other two executives will remain at T-Mobile to manage the brand.

Lacking physical stores, Mint Mobile sells its mobile devices and plans online, and the service is provided by T-Mobile itself, under a network sharing agreement. “Mint Mobile is the ultimate wireless company and today’s news only increases our ability to deliver to our customers.,” Reynolds said in a joint statement.

“We are so pleased that T-Mobile won an aggressive last minute bid from my mother Tammy Reynolds as we believe their excellent 5G network will provide a better strategic fit than mahjong skills. [jogo virtual] slightly above my mother’s average. I’m so proud of the entire Mint team and so excited for what’s to come.”

In addition to his career as an actor and mobile operator, Ryan Reynolds also has businesses in other fields. In 2020, Diageo acquired its spirits company Aviation Gin – in which it held an “unspecified minority stake”.

He also runs the production company Maximum Effort. In 2021, Reynolds and Always Sunny in Philadelphia creator Rob McElhenney bought a football club, Wrexham AFC, for $2.5 million.