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Mint Mobile, which is partly owned by the Deadpool star is being bought by T-Mobile US Inc., according to Bloomberg.
The sale, which has not yet taken place is set to be worth close to $1.35b.
It is believed that the Reds co-chairman will still continue as a spokesperson for the company as he has done with Aviation Gin.
Bloomberg said: “T-Mobile US Inc. is buying Mint Mobile, the budget wireless provider part owned by actor Ryan Reynolds, for as much as $1.35 billion in an effort to bolster its prepaid phone business and reach more lower-income customers.
“The second-largest US wireless provider is acquiring Mint’s closely held parent company, Ka’ena Corp., with a combination of 39% cash and 61% stock, according to a statement Wednesday.
“The ultimate purchase price will be based on Mint reaching certain performance goals, both before and after the transaction closes.”
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Reynolds discussed his love for business ideas during the docuseries Welcome to Wrexham.
In addition to Mint Mobile and Aviation Gin, Ryan also has links to film production company Maximum Effort and 1Password.
Ryan infamously recorded a hilarious advert for the password company at the Racecourse, featuring Paul Mullin.
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