T-Mobile to acquire Mint Mobile

T-Mobile plans to acquire Ka’ena Corporation and its subsidiaries, including Mint Mobile, in a deal valued up to $1.35 billion. Mint Mobile has gained popularity in recent years by positioning itself as a cheaper alternative to other wireless plans. The company’s commercials star Ryan Reynolds, who holds an ownership stake in the business. Mr. Reynolds will continue as the brand’s spokesperson after the deal with T-Mobile closes.