Ryan Reynolds is selling his budget wireless provider Mint Mobile to T-Mobile US Inc (NASDAQ:TMUS) in a cash and stock deal valued at US$1.35bn. The...
The US wireless carrier said Wednesday that it is acquiring the brands´ sales, marketing, digital and service operations. But he and his backers are now cashing in with the sale expected to net Reynolds US$300mln. "Life is strange and I'm incredibly proud and grateful."
Mint Mobile, which launched in 2016, is known as a cheaper alternative to expensive mobile plans. The actor Ryan Reynolds purchased an ownership stake in ...
Our North Star is anti-aspiration items.” “Phone service is an essential service,” he said. Also that year, Diageo, a beverage company, announced that it had [acquired Aviation American Gin](https://www.diageo.com/en/news-and-media/press-releases/2020/diageo-to-acquire-aviation-gin-and-davos-brands), a gin company co-owned by Mr. Mint Mobile, which launched in 2016, is known as a cheaper alternative to expensive mobile plans. Mr. Reynolds, and other spirits brands in a deal for up to $610 million.
T-Mobile, the nation's third-largest mobile carrier, acquires Ryan Reynolds' Mint Mobile.
“Mint Mobile is the best deal in wireless and today’s news only enhances our ability to delivery for our customers,” Reynolds said in the statement. I am so proud of the entire Mint team and so excited for what’s the come.” We think customers are really going to win with a more competitive and expansive Mint and Ultra.”
T-Mobile has inked a definitive agreement to acquire Ka'ena Corporation and its subsidiaries and brands: Mint Mobile and Ultra Mobile, for approximately ...
"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. At the same time, T-Mobile will also be able to use Mint’s digital D2C marketing expertise as part of its broader portfolio to reach new customer segments and geographies. “Over the long-term, we’ll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile.
T-Mobile is buying Mint Mobile, and with it, they get access to a unique marketing genius.
wireless market in the years ahead, and investors should see this acquisition as a small step in that direction. Given T-Mobile's strong performance and growing market share, it makes sense that the company is looking to boost its revenue growth through acquisitions. For investors, T-Mobile's acquisition of Ka'ena could help the company maintain its impressive growth trajectory. The plug-in deal is relatively small for the $176 billion market cap buyer, and Reynolds' personal brand looks like a good fit with the "Uncarrier." Moreover, T-Mobile's focus on expanding its network and investing in 5G networks and other new technologies bodes well for its growth prospects. Mint and Ultra Mobile will give it significant boosts both in customer base and network coverage, which are critical factors in the wireless industry. Still, the acquisition of Ka'ena could pay off in a big way if executed properly. As of the end of 2022, T-Mobile's 5G network covered 325 million people across the United States, and the company was ranked the fastest 5G network in the country by multiple independent sources. Regulators may also block the merger if they conclude that it would result in T-Mobile dominating the prepaid wireless market. [TMUS](/quote/nasdaq/tmus/) -2.08%) has announced that it is acquiring Ka'ena Corporation, the parent company of discount carriers Mint Mobile and Ultra Mobile, in a deal worth $1.35 billion. Some experts have raised questions about T-Mobile's ability to integrate the two companies effectively, as well as the impact the deal may have on the broader wireless market. It's a strategic move for T-Mobile, which is seeking to expand its market share and customer base in the highly competitive U.S.
T-Mobile announced Wednesday that it's buying budget wireless provider Mint Mobile, partially owned by Ryan Reynolds, in a larger deal for up to $1.35 ...
What can we do to counteract this endless hall of mirrors and preserve the mental health of today’s teens? [Studies have shown](https://www.sciencedirect.com/science/article/pii/S1740144517305326) that scrolling through an unlimited supply of carefully crafted images and then comparing them with your own real-life circumstances can have a noticeable effect on mood and psychological health. But now you’re feeling inadequate because of what you’re seeing on your screen.” and how they feel about stuff,” said Keneisha Sinclair-McBride, an attending psychologist in the Department of Psychiatry and Behavioral Sciences at Boston Children’s Hospital and an assistant professor of psychology at Harvard Medical School. She describes it as “an epidemic of loneliness and overwhelm.” And a lot of teenagers who are still getting used to their growing bodies are comparing themselves: ‘Well, I don’t look like her.’ (But) she doesn’t look like her either! Sanjay Gupta, during a deep-dive interview this year in which she touched on the topic of the pressure to be perfect. The survey found that 57% of teen girls reported feeling persistently sad or hopeless in 2021; the rate for teen boys was almost half that but still jarringly high, at 29%. It’s the first Youth Risk Behavior survey, conducted every two years, to gather information since the start of the Covid-19 pandemic. The report also documented that nearly one in three teen girls seriously considered attempting suicide. I think that it may start out pretty innocently like… “I don’t think it’s too flimsy at all (to draw a conclusion).
Budget wireless provider Mint Mobile, which is partially owned by actor Ryan Reynolds, is being acquired by T-Mobile as part of a cash and stock deal worth ...
T-Mobile has penned a definitive agreement to acquire Ka'ena Corporation plus its subsidiaries and brands, including the MVNO Mint Mobile, in a deal that ...
Mint founders David Glickman and Rizwan Kassim will join T-Mobile to manage the brands, with the MVNO to run as a separate business unit. Founded in 2016, the MVNO was actually launched by Ultra Mobile. Ka'ena's collective three brands, Mint Mobile, Ultra Mobile, and Plum are estimated to have between two to three million subscribers.
Hollywood star Ryan Reynolds is set to pocket $300m from wireless start-up Mint Mobile's $1.35bn sale to T-Mobile US.
The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. The fund raise, from existing investors including Peter Thiel’s Founders Fund, Andreessen Horowitz and new investors including Temasek, saw Stripe valued at $50bn, compared to its peak valuation of $95bn in 2021. Reynolds used his own celebrity status to market the company, in which he holds a 25% stake, as well as his own marketing agency. He will continue to appear on Mint Mobile’s ads, which will maintain its brand, and Reynolds will continue to play a creative role in the company, according to T-Mobile.