Credit: Kris Carlon / Android Authority
- 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.