Ryan Reynolds’ mobile carrier is getting a new home.
, T-Mobile announced that the deal’s valued at up to $1.35 billion and comes as T-Mobile looks to build out its prepaid phone offering.
The acquisition should close later this year, and involves a 39 percent cash and 61 percent stock purchase of Mint and Ultra Mobile’s parent company Ka’ena Corporation. The price could change, however, as it depends on Mint’s performance. As noted by T-Mobile CEO Mike Sievert in“Over the long-term, we’ll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile.
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