Now that Ryan Reynolds has cut his first billion-dollar business deal, he can set his sights on winning an Oscar. Or he could find a nice beach and retire. He’s got options after the wireless firm he was involved in was purchased by T-Mobile.
The actor is a minority investor in Mint Mobile, and the purchase price of this monster deal was $1.35 billion. T-Mobile is paying 39% in cash and the rest in stock.
So, how much did Reynolds clear? That has yet to be reported; however, the word in Hollywood is that he owned between 20-25 percent of Mint Mobile. I’ll do the math for you — it’s nine figures.
Of course, Reynolds fancies himself as something of a comedian, and you know he’s dropping some one-liners into his press release that announced he’s filthier rich than he was last week.
“Mint Mobile is the best deal in wireless and today’s news only enhances our ability to deliver for our customers. 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.”
Here’s what’s yet to come — a party to celebrate. Reynolds will still have to do a little work for the new owners — his creative deal with Mint remains intact.
Oh, and is there an actor with more of a Midas touch regarding business deals than Reynolds? Diageo purchased his Aviation Gin company two years ago for a cool $610 million.