T-Mobile Snaps Up Mint Mobile

[cdmagurus.com]

T-Mobile has signed a deal to buy Ka’ena Corporation and its subsidiaries and brands: Mint Mobile, Ultra Mobile, and Plum. The Mint and Ultra brands will continue under the T-Mobile umbrella, alongside Metro by T-Mobile and Connect by T-Mobile. Ryan Reynolds, the existing owner of Mint, "will continue on in his creative role on behalf of Mint." Mint already uses the T-Mobile network and will continue to do so. T-Mobile promises that Mint's $15/month pricing will remain unchanged. The deal is a mix of cash and stock valued at up to $1.35 billion, dependent on future performance. The transaction is expected to close later this year.


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