Reynolds reportedly owns between 20% and 25% of Mint Mobile, as well as part of a Welsh football club. He also sold Aviation Gin in 2020 for over $300 million.
Telecommunications giant T-Mobile U.S. Inc. TMUS announced Wednesday that it plans to purchase Ka’ena Corp., the parent of prepaid units Mint Mobile and Ultra Mobile and of wholesaler Plum, in a $1.35 billion deal consisting of 39% cash and 61% stock.
The final purchase price will be determined by Ka’ena’s performance after the closing, which is expected to take place later this year. “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,” Reynolds joked in a video clip shared to his social media channels. “I am so proud of the entire Mint team and so excited for what’s to come.
Representatives for Reynolds and Mint Mobile didn’t respond to MarketWatch’s request for comment on this story.
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