T-Mobile to Acquire Ryan Reynolds' Mint Mobile Brand

[sw1tcher]

Such a stupid comment, Ryan is just an investor, the CEO has to take into account their investors interest. Doubt he has over 51% shares. And if so it were the case, so frkin what?

According to https://www.wsj.com/articles/t-mobi...d-mint-mobile-for-up-to-1-35-billion-9a3e6a03 , he (Ryan Reynold's) owns roughly 25%

"Ryan Reynolds used his celebrity and wit to build Mint Mobile into a low-cost competitor in the crowded wireless business.

Now, the Hollywood star and his backers are cashing in: selling the upstart brand to T-Mobile US Inc. in a cash and stock deal valued at up to $1.35 billion. Mr. Reynolds owns roughly 25% of Mint Mobile, according to people familiar with the matter. That means he stands to personally receive more than $300 million in cash and stock from the transaction."


If the other 75% wants to sell and he doesn't, what's he going to do? He doesn't own enough shares in the company to prevent/block the sale.

 

[MrGIS]

Terrific! Now he can buy the Ottawa Senators..

 

[JapanApple]

a joke? or bad business

 

[WoodTableFromIkea]

I wonder if this means that Mint Mobile will start being compatible with iPhone. Last I checked, it was NOT compatible.

Uh... What? I've been using Mint on my iPhone (european "model" even) for the past 6 months with literally zero issues.

What are you talking about, lol...

 

[trusso]

In case folks haven't actually read the article, Ryan Reynolds isn't pocketing the $1.35 billion:

The deal is for Ka'ena Corporation, the parent company of Mint Mobile, Ultra Mobile, and Plum, with T-Mobile paying up to $1.35 billion, split into 39 percent cash and 61 percent stock. The final purchase price will be settled later this year after the deal closes.

 

[BigMcGuire]

Good for Ryan. Mint has been fun the 7 months I’ve used it. Bought a year. Worked great esim on my 13 Pro Max and does also on my 14 Pro. Can’t beat the prices. The commercials, the Christmas card from Ryan,

 

[WoodTableFromIkea]

In case folks haven't actually read the article, Ryan Reynolds isn't pocketing the $1.35 billion:

Anyone with some witts knows that... But people like to crap on everything nowadays xD

 

[gund1234]

We need more competition, government should not allow all these mergers.

 

[Wanted797]

I guess Ryan is not the renegade he hyped himself up to be and will happily cash out at the first possible opportunity.

Dude he’s literally an actor…

 

[tsa1]

Less competition is never good for us consumers. I hope (but doubt) regulators will NOT approve this, but they approved sprint/T-Mobile. I miss Cingular

 

[Heat_Fan89]

Plans to continue… for now 😁

I've been a Mint Mobile customer for the last 4 yrs. I think it will stay at $15 per month. There are other NVMO carriers who offer more for around the same price.

 

[ikramerica]

I tried it for 99c last week because at our new house (under renovation), ATT has almost no signal and Spectrum/Verizon (our service) has phone but data drops out 75% of the time.

On Mint, got either “No Service” or “E” (edge?) which didn’t actually work at all anyway. At our current house, basically no signal either and WiFi calling says “T-Mobile WiFi” rather than Mint WiFi. Kinda funny.

The $15 for 4GB would have been nice as I only use 1.5-3GB per month which means I pay $29 on Spectrum.

 

[Apple2501]

Goodbye great prices. Don’t ever change anything or you’ll lose your grandfather status. First order of business will be to offer new flagship phones for “free” when you upgrade to slightly more expensive plan. It’s the way it always has been and will work. Then they’ll keep raising prices till it all balances out. Then they’ll come out with another branch with lower prices that they’ll later acquire and do the same thing. Never fails

 

[dk001]

I've got the top tier MM plan and it works great.
Once it becomes TM, it would have to be a great deal for me to swap plans.

 

[HiVolt]

I guess he can buy a hockey team now.

 

[sjsharksfan12]

No More Jack in the Box Commercials by St. Patricks day. That's a bummer. I enjoyed those.

 

[ian87w]

How's that data breach T-Mobile? Oh don't look over there?

 

[AF_APPLETALK]

Visible BTFO'd Mint.

 

[sw1tcher]

I've been a Mint Mobile customer for the last 4 yrs. I think it will stay at $15 per month. There are other NVMO carriers who offer more for around the same price.

There are a few vs Mint's $15/mo 4GB plan and unlimited talk/text

- U.S. Mobile is $15/mo for 5GB and unlimited talk/text
- Boost Mobile is $15/mo for 5GB and unlimited talk/text
- Tello is $19/mo for 5GB and unlimited talk/text

They all use the T-Mobile network.

Customer service for them probably aren't as good as with Mint though. From what I've read, Boost Mobile is terrible while Tello and U.S. Mobile are fairly good.

 

[Yr Blues]

I thought the commercial was really funny. I've been on T-Mobile for what seems like a century.

 

[paulovsouza]

Welcome, the next data breach will only bring us closer.

 

[BellSystem]

We need a new real carrier to shake things up…..not MVNO or subsidy of another one. Nextel should never been allowed to merge with Sprint, and Sprint should have never been sold off to T-Mobile. Sadly the cost to enter the market is huge, so good luck.

 

[DownUnderDan]

I guess Ryan is not the renegade he hyped himself up to be and will happily cash out at the first possible opportunity.

To be fair if you were offered this much money, it might test your boundaries too.

 

[Fred Zed]

Hopefully Tmobile will have to improve their pricing to match as part of the acquisition. Also of course he was always going to sell it off, it was an investment and he played a big part by bringing a lot of attention and growth to it.

More like the other way around. They’ll align Mint and Ultra Mobiles pricing to Tmobile.

 

[Technerd108]

There are a few vs Mint's $15/mo 4GB plan and unlimited talk/text

- U.S. Mobile is $15/mo for 5GB and unlimited talk/text
- Boost Mobile is $15/mo for 5GB and unlimited talk/text
- Tello is $19/mo for 5GB and unlimited talk/text

They all use the T-Mobile network.

Customer service for them probably aren't as good as with Mint though. From what I've read, Boost Mobile is terrible while Tello and U.S. Mobile are fairly good.

Actually US Mobile is on Verizon network.

Mint has been great the many years I have used it. Ryan was a great spokesman.

I am pretty sure my year of Mint will be up soon.

We will see what happens now.

Att has a great prepaid plan for $300 for a year at 16gb data per month. Was using Mint unlimited which is 30gb/month for $360 a year.