T-Mobile has made a deal to acquire the Ka’ena Corporation and its brands Mint Mobile, Ultra Mobile, and Plum.
The deal could be worth up to $1.35 billion, but the actual price will be determined by Ka’ena’s performance.
Partial owner Ryan Reynolds will stay in his creative role with Mint Mobile.
The carrier best known for its prepaid cellular services and its affiliation with actor Ryan Reynolds — Mint Mobile — is getting new management. T-Mobile has made a deal to acquire Mint Mobile’s parent company, which could total up to $1.35 billion.
On Wednesday, T-Mobile announced its plans to bring the Ka’ena Corporation under its wing. With the deal, all of Ka’ena’s brands, which include Mint Mobile, Ultra Mobile, and Plum, will now be a part of T-Mobile. However, T-Mobile and Ka’ena will continue to largely remain separate entities.
