Actor Ryan Reynolds’ reported windfall of over $270 million stemming from T-Mobile US Inc.’s (NASDAQ:TMUS) proposed acquisition of Mint Mobile could be in danger.
What Happened: In March, T-Mobile announced its plans to acquire Mint Mobile, which is owned by the "Deadpool" actor.
The DOJ's antitrust division is reportedly considering a lawsuit to prevent T-Mobile’s $1.35 billion acquisition, citing fears that it could lead to a consolidation trend that could increase prices for wireless customers.
According to the Post, insiders believe that the motive behind going after Mint Mobile is to make an example of a high-profile celebrity deal. Columbia law professor and securities expert John Coffee told the newspaper that regulators have adopted a similar tactic of pursuing public figures before.
“Now, everyone in Hollywood will notice,” Coffee said.
Reynolds acquired a partial ownership in Mint Mobile in 2019.
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