On Wednesday, Mint Mobile, a mobile phone network known for some of the cheapest prepaid plans in the U.S., was acquired by T-Mobile for $1.35 billion. Reynolds, who owns an estimated 25% stake in Mint Mobile, will receive about $300 million from the deal, the Wall Street Journal reported.

The key factor in his marketing strategy Reynolds' use of comedy and satire was a significant component of his social media approach. He used a lighthearted approach to market the brand, mocking the traditions of established mobile networks and engaging his audience with brilliant puns and wordplay.

However, according to Benzinga, he recently raked in a cool $300 million with the sale of Mint Mobile to cell phone giant T-Mobile. Reynolds owned a 25% stake in the company, which sold for $1.35 billion, CNBC confirmed. Reynolds next venture is an investment in Canadian financial technology company Nuvei.

Reynolds bought a stake in Mint Mobile in 2019, joking at the time that he would be paying himself $15 a month, about the price for the company's basic wireless plan. His stake in Mint Mobile represents about 25% of the company, according to Fortune Magazine.

Mint offers some of the country's lowest priced mobile plans, starting at $15 a month for 4 gigabytes of wireless data. The companies didn't disclose Mint's subscriber count. Its annual subscriber growth over the past four years has been 50%, and revenue growth has been 70% or more a year, Glickman said.

$1.35 billion The telecommunications giant T-Mobile announced it's buying the budget cell service provider Mint Mobile - best known for its ads with actor and part-owner Ryan Reynolds. The cash-and-stock deal, which includes two other brands, is worth $1.35 billion.

Mad Money host Jim Cramer talks to Mint Mobile's Ryan Reynolds and T-Mobile CEO Mike Sievert about the latter's acquisition of Mint Mobile and Ultra Mobile, two value-oriented brands, for up to $1.35 billion in cash and stock.

T‑Mobile USKaena Corporation Mint Mobile/Parent organizations

Mint Mobile, partly owned by Ryan Reynolds, is being acquired by T-Mobile as part of a cash-and-stock deal worth as much as $1.35 billion. As a 25 per cent stakeholder in the company, the actor is walking away with more than $300 million in cash and stock, reports Wall Street Journal.

Can I use my Mint Mobile service overseas? You sure can, jet setter. The UpRoam add-on is available to all Mint subscribers allowing for talk, text and data use while roaming outside the U.S.

Mint Mobile, the prepaid wireless brand in which Ryan Reynolds holds a minority ownership stake, has been acquired by T-Mobile in a deal worth up to $1.35 billion.

Can I use my Mint Mobile service overseas? You sure can, jet setter. The UpRoam add-on is available to all Mint subscribers allowing for talk, text and data use while roaming outside the U.S.