March 15, 2023


Ryan Reynolds sells his wireless mobile company for over $1 Billion: Details

Ryan Reynolds sold the shares to America's second-largest phone company, T-Mobile

By Samantha David March 15, 2023
Ryan Reynolds sells his wireless mobile company for over $1 Billion

Ryan Reynolds is doing good business.

The Deadpool star reportedly sold his part share of Mint Mobile to T-Mobile for $1.35 billion.

According to Bloomberg, the actor, who owned 25% of the budget wireless provider company, was paid “significantly” for the deal.

"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 released by T-Mobile on Wednesday.

He quipped: “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," Reynolds added.

T-Mobile is America’s 2nd-Largest Cell Phone Company:

As per Reynolds' statement, the amount of over $1 billion will be paid by T-Mobile with a combination of 39% cash and 61% stock.

Moreover, the Free Guy actor “will remain in his creative role on behalf of the company.”

For those who don’t know, Reynolds is just as much an actor as he is a thriving businessman. 

In 2020, the entrepreneur sold his gin collection, Aviation American Gin to European beverage company Diageo for a whopping $610 million.

Read more: Ryan Reynolds Talks About One Of His Favourite Roles He Did