T-Mobile US to acquire Ka'ena, includes Ryan Reynolds owned Mint Mobile, for $1.35B
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For building out its prepaid phone offering, T-Mobile US (NASDAQ:TMUS) entered into a definitive agreement to acquire Ka'ena and its subsidiaries and brands for a payment of up to a maximum of $1.35B in a combination of 39% cash and 61% stock.

The subsidiaries and brands include: Mint Mobile, a successful direct-to-consumer (D2C) prepaid wireless brand in the U.S.; Ultra Mobile, a unique wireless service offering international calling options to communities across the country; and wholesaler Plum.
Budget wireless Mint Mobile is owned by actor Ryan Reynolds; post deal closure, he will continue on in his creative role on behalf of Mint; founders David Glickman and Rizwan Kassim will remain onboard at T-Mobile to manage the brands, which will generally operate as a separate business unit.
The purchase price will be based on Kaâenaâs performance during certain periods before and after the closing; also it will be subject to working capital adjustments and other contractual reserves.
Transaction is expected to close later this year and is not likely to have any impact on the companyâs 2023 guidance or its ongoing stock repurchase program.
Transaction is expected to be slightly accretive to both Core adj. EBITDA and free cash flow as T-Mobile captures the full long-term economic value of the Kaâena business, including by securing financial benefits beyond the end of the current wholesale exclusivity period.