T-Mobile USA's proposed acquisition of Mint Mobile could be in danger, said Ryan Reynolds, an actor.
In March, T-Mobile announced it plans to acquire Mint Mobile, a property owned by Deadpool.
The New York Post reported on Thursday that the Department of Justice could intervene and block the sale because of antitrust concerns.
The Time When Ryan Reynolds Utilized ChatGPT to Craft A Commercial: The Result Was Hilarious. The DOJ's antitrust division is reportedly considering a lawsuit to prevent T-Mobile's $1.35 billion acquisition, citing fears that it could cause a consolidation trend that could increase costs for wireless customers.
In the Post, insiders believe that 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 regulatory agencies have adopted a similar strategy of pursuing public figures before.
Now, everyone in Hollywood will notice, Coffee said.
Earlier this week, Reynolds, who recently invested in Canadian payment firm Nuvei, said his primary strategy is centered on creating a strong brand. The Post, however, is skeptical that creating a brand for a prepaid phone service results in any cost savings for consumers.
Would Ryan Reynolds buy an NHL team out of T-Mobile with that money?