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T-Mobile to buy Mint Mobile in $1.3bn deal

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Actor Ryan Reynolds owns a minority stake in the wireless provider

 
Ryan Reynolds is about to have a very nice nice payday.

T-Mobile has announced it’s buying budget wireless provider Mint Mobile in a larger deal worth over $1.3 billion.

The acquisition of Mint Mobile’s parent company will also include international calling service, Ultra Mobile and wireless wholesaler, Plum.

Reynolds, who purchased a minority stake in Mint Mobile in 2019, and will stay on in his “creative role” on behalf of the company.

Taking to Twitter, Reynolds says he “never dreamt” he’d own a wireless company and “certainly never dreamt” he would later sell it to T-Mobile.

Mint Mobile was created in 2016 with the goal of delivering an “affordable, premium wireless” service direct to consumers.

At the time, Reynolds said he was “excited to champion a more practical approach to the most essential technology.”

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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