T-Mobile has entered into an agreement to acquire Ka’ena Corporation, the parent company of Ryan Reynolds’ minority-owned prepaid wireless service Mint Mobile, international wireless service Ultra Mobile and wholesaler Plum, for a maximum of up to $1.35 billion in a combination of 39% cash and 61% stock.
Reynolds, whose stake in Mint is estimated to be between 20% and 25%, will continue on in his creative role as a spokesman for the company.
“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,” The “Deadpool” star joked in a statement.