Ryan Reynolds and T-Mobile CEO Mike Sievert ShutterstockĮxperts note it was a Republican-helmed DOJ antitrust division that sued to block the T-Mobile-Sprint deal. Mint, founded in California in 2016, is a so-called mobile virtual network operator, or MVNO, meaning the company piggybacks on the infrastructure of another network - in Mint’s case T-Mobile. Last year SEC Chair Gary Gensler went after Kim Kardashian, collecting $1.26 million to settle allegations over a ‘pump and dump’ crypto scheme. “Now, everyone in Hollywood will notice.” Indeed, some regulators have a “strategy of going after public figures,” Columbia law professor and securities expert John Coffee notes. The thinking behind going after Mint, according to insiders: target a high-profile celebrity deal and make an example of it. T-Mobile announced Wednesday that it’s buying budget wireless provider Mint Mobile in a larger deal for up to 1.35 billion. Sources say the DOJ’s antitrust division is weighing a possible lawsuit to block T-Mobile’s $1.35 billion acquisition, worried that it’s part of a consolidation trend that will push prices higher for wireless customers. Ryan Reynolds is about to have a nice payday. Ryan Reynolds’ giant windfall in T-Mobile’s proposed acquisition of Mint Mobile - reportedly upwards of $270 million - may be in jeopardy as the Department of Justice probes the tie-up on antitrust concerns, The Post has learned. The Green Lantern may not get the green light on this mega-deal, after all. Soros, Fortress in a vise to find new buyer for bankrupt Vice Mitch McConnell’s plans for FTC nominee hit awkward bump: sources IHeartMedia CEO Bob Pittman sings radio’s praises, says it’s as ‘strong as ever’ T-Mobile said it does not currently expect the transaction to have any impact on the company’s 2023 financial guidance or its ongoing stock repurchase program.Super-rich spark feeding frenzy for upscale Hamptons restaurants The actual price to be paid by T-Mobile will be based on Ka’ena’s performance during certain periods before and after the closing and is also subject to working capital adjustments and other contractual reserves, the carrier said. 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.
T-Mobile said it will maintain Mint Mobile’s current pricing plans, which start at $15 per month for unlimited talk and text and up to 4 GB of data/month. I am so proud of the entire Mint team and so excited for what’s to come.” “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. “Mint Mobile is the best deal in wireless and today’s news only enhances our ability to deliver for our customers,” Reynolds said in a statement. The actor-entrepreneur owns a roughly 25% stake in Mint, according to Bloomberg, which previously reported on the company’s deal talks with T-Mobile. Reynolds will continue in his creative role as a spokesman for Mint. T-Mobile Bets On Bradley Cooper in Super Bowl Ad Battleįollowing the deal’s close, Mint Mobile founders David Glickman and Rizwan Kassim will remain at T-Mobile to manage the brands, which will “generally” operate as a separate business unit. 'The Crown' Star Emma Corrin Joins Ryan Reynolds in 'Deadpool 3' Ryan Reynolds' Maximum Effort Part of Venture Building 1.2 Million-Square-Foot Studio in Canada (EXCLUSIVE) T-Mobile said it will be able “to leverage Mint’s industry-leading digital marketing expertise as part of its broader portfolio to reach new customer segments and geographies.” and its subsidiaries and brands: Mint Mobile, international wireless service Ultra Mobile and wholesaler Plum. Ryan Reynolds is about to have a nice payday. Celebrities generally invest in high-end products like skincare brands. Under the pact, expected to close later this year, T-Mobile will acquire Ka’ena Corp. Ryan Reynolds’ stake in Mint is estimated between 20 and 25 percent of the company, a source told The Post.
Mint Mobile, the prepaid wireless brand in which Ryan Reynolds holds a minority ownership stake, has been acquired by T-Mobile in a deal worth up to $1.35 billion.
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