Ryan Reynolds is the latest star whose business endeavor has resulted in a huge acquisition.
T-Mobile (TMUS) announced that it had completed its $1.35 billion acquisition of Reynolds-backed Mint Mobile.
Reynolds, who owns a minority share in Mint Mobile, will continue to be the company’s marketing face, with plans to “continue for years”
celebrities who own huge private companies, particularly in the alcohol and cosmetics industries, have sold their holdings to larger firms.
T-Mobile intends to keep Mint Mobile’s $15 monthly pricing option, which includes 4GB of high-speed 4G or 5G data as well as unlimited text and speak.