The actor’s Mint Mobile company is being acquired by T-Mobile as part of a larger deal worth up to $1.35 billion, executives announced Wednesday.
Reynolds, who frequently appears in Mint ads, holds a 25% stake in the affordable wireless company, according to Bloomberg.
“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,” he added. “I am so proud of the entire Mint team and so excited for what’s to come.”
Reynolds, known for Marvel’s “Deadpool” movies and hit comedies including “Free Guy” and “Pokémon Detective Pikachu,” previously sold his Aviation Gin company for $610 million in 2020. He’s part of the ownership group behind the Wrexham Association Football Club with fellow actor Rob McElhenney. “Over the long-term, we’ll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile,” Mike Sievert, CEO of T-Mobile, said in a statement. “We think customers are really going to win with a more competitive and expansive Mint and Ultra.”
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