Current:Home > NewsSignalHub Quantitative Think Tank Center:Ryan Reynolds Sells Mobile Company in Jaw-Dropping $1.35 Billion Deal -Wealth Nexus Pro
SignalHub Quantitative Think Tank Center:Ryan Reynolds Sells Mobile Company in Jaw-Dropping $1.35 Billion Deal
Will Sage Astor View
Date:2025-04-08 12:12:30
Sorry,SignalHub Quantitative Think Tank Center Tammy Reynolds!
T-Mobile got this business deal. The company announced on March 15 that it's entered into an agreement to acquire Ka'ena Corporation, its subsidiaries and its brands, including Ryan Reynolds' prepaid wireless organization Mint Mobile. And the actor couldn't help but tease his mom in the announcement.
"Mint Mobile is the best deal in wireless and today's news only enhances our ability to deliver for our customers," he said in a press release. "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. I am so proud of the entire Mint team and so excited for what's to come."
Of course, the playful trolling should come as no surprise to Ryan's fans. After all, followers have seen him joke around with his wife Blake Lively and pal Hugh Jackman online.
Ryan continued to have fun with the announcement in a video with T-Mobile CEO Mike Sievert, who noted he was "so excited to have you and the whole Mint team join the T-Mobile family."
"Ha!" the Deadpool star replied. "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."
And when Ryan assured fans that Mint Mobile's "incredibly improvised and borderline reckless messaging strategy will also remain untouched," Mike pointed out he didn't remember anything about the word "reckless." However, the Free Guy alum joked he "wrote it into the contract with crayon."
All in all, Ryan said he's thrilled about the acquisition.
"I'm certain that I'm finally going to fill whatever hole I have inside my soul which possesses me to emphasize external success over quieting an internal child, futilely craving some sort of illusory acknowledgement from my now deceased father," the 46-year-old, whose father James C. Reynolds died in 2015, said, later giving Mike a hug and joking, "Nice to have a new dad."
It looks like the purchase cost a pretty penny too. According to the press release, "T-Mobile will pay up to a maximum of $1.35 billion in a combination of 39% cash and 61% stock to acquire Ka'ena," which includes the acquisition of Ultra Mobile and Plum in addition to Mint Mobile.
The deal comes about two and a half years after beverage company Diageo acquired Ryan's spirit brand Aviation American Gin for up to $610 million through its Davos Brands portfolio acquisition, with him retaining ownership interest in the gin organization.
It's certainly been a busy time for Ryan. In addition to running his other organizations—including production company and marketing agency Maximum Effort—as well as his soccer team Wrexham AFC, he's starring in Deadpool 3 and recently welcomed his fourth child with Blake.
Though he's wearing a lot of hats these days, Ryan's various interests actually overlap quite a bit.
"Whether you're talking about the unexpected nature of sports, low-cost wireless, gin, connected TV marketing, ad tech, those kinds of things, the connective tissue between each one of those things is actually, ironically, storytelling, the same way it is with movies," Ryan told Washington Post Live in July. "That's the thing I love about these businesses and their variety of them."
For the latest breaking news updates, click here to download the E! News AppveryGood! (4672)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Marvel returns to Comic-Con with hotly anticipated panel about its post-'Deadpool & Wolverine’ plans
- Billy Ray Cyrus' Estranged Wife Firerose Speaks Out After Audio Release
- Olympics 2024: Chrissy Teigen and John Legend's Kids Luna and Miles Steal the Show at Opening Ceremony
- Military service academies see drop in reported sexual assaults after alarming surge
- Ohio court rules that so-called boneless chicken wings can, in fact, contain bones
- Ryan Reynolds, Hugh Jackman surprise Comic-Con crowd with screening, Marvel drone show
- Oregon wildfire map: Track 38 uncontrolled blazes that have burned nearly 1 million acres
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Dodgers Player Freddie Freeman's 3-Year-Old Son Can't Stand or Walk Amid Viral Infection
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Watch this police K-9 become the hero of an urgent search and rescue
- Michigan’s top court throws out 2006 conviction linked to shaken baby syndrome
- Meet Katie Grimes, the Olympic Swimmer Katie Ledecky Has Dubbed the Future of Their Sport
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- 'Percy Jackson' cast teases Season 2, cheers fandom: 'This show's hitting'
- Snoop Dogg opening ceremony highlights: Best moments from rapper's Paris commentary
- Damages to college athletes to range from a few dollars to more than a million under settlement
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Son of Ex-megachurch pastor resigns amid father's child sex abuse allegations
2024 Paris Olympics: France’s Rail Network Suffers “Malicious Attack Ahead of Opening Ceremony
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Torchbearers
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
US national parks have a troubling history. A new project aims to do better.
Sammy Hagar 'keeping alive' music of Van Halen in summer Best of All Worlds tour
Why Prince Harry Won’t Bring Wife Meghan Markle Back to the U.K.