Ryan Reynolds Sells Mint Mobile To T-Mobile In A Deal Worth Over £1bn

Ryan Reynolds Sells Mint Mobile To T-Mobile In A Deal Worth Over £1bn

Ryan Reynolds, whose business pursuits include co-owning Wrexham AFC, tweeted that he was “incredibly proud and grateful” after the agreement was reached. He will still work for Mint in a creative capacity.

Reynolds owns a portion of the budget cellphone service Mint Mobile, which is being purchased by T-Mobile for up to $1.35 billion (£1.1 billion) in cash and stock.

The brands will be managed as a separate business unit even though they already use T-network. Mobile’s

Reynolds, 46, tweeted: “I never dreamt I’d own a wireless company and I certainly never dreamt I’d sell it to T-Mobile.

“Life is strange and I’m incredibly proud and grateful.”

Also, the Wrexham AFC co-owner and Deadpool actor uploaded a video in which he is joined by T-Mobile CEO Mike Sievert.

Mr Sievert tells Reynolds: “We are so happy to have you and the whole Mint team join the T-Mobile family.”

Reynolds joked: “Ha! Well, I wouldn’t call it a family, Mike.

“Family is a place for misdirected hopes and dreams.

“I’m hoping this will be much better than that.”

He added: “I’m absolutely thrilled with every aspect of this new venture.”

The brands’ sales, marketing, digital, and customer service divisions are being acquired by T-Mobile.

It has aspirations to expand its brands, provide American consumers with competitive prices, and increase the selection of devices.

According to Mr Sievert, the business intends to expand Mint’s already successful digital direct-to-consumer business.

“Over the long-term, we’ll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile,” Mr Sievert said.

“We think customers are really going to win with a more competitive and expansive Mint and Ultra.”

In February 2021, Reynolds and fellow Hollywood celebrity Rob McElhenney, best known for his roles in the comedy series It’s Always Sunny in Philadelphia, acquired control of Wrexham AFC with a £2 million investment.

The Red Dragons’ takeover was dubbed the “role of a lifetime” by Reynolds.

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