March 16, 2023

Willkie represented Ryan Reynolds as part owner of Mint Mobile, a leading direct-to-consumer prepaid wireless provider, in connection with T-Mobile’s acquisition of Mint Mobile and one other brand for up to $1.35 billion.

T-Mobile announced on March 15 that it entered into a definitive agreement to acquire Mint Mobile’s parent company, Ka’ena Corporation, which also owns international wireless service Ultra Mobile and wholesaler Plum.

T-Mobile will pay up to a maximum of $1.35 billion in a combination of 39% cash and 61% stock to acquire Ka’ena. The ultimate acquisition price to be paid by T-Mobile will be based upon Ka’ena’s performance during certain periods before and after the closing.

The Willkie team was led by partner Alan Epstein and included partner Shane Nix and counsel Nicole Ostrowski.