With his ownership stake being approximately 22.5%, he would likely walk away with $118.5m and a minority stake in ownership in T-Mobile. Like I previously mentioned, Reynolds is not entitled to that entire cash sum. 5:07 PM PST MaAtlassian, the company behind tools like Jira, Confluence and Trello, today announced that, after a reorg a month ago, it is now laying off about 500 employees. At this number, the entire cash payout to outgoing owners is approximately $526.5m. It was reported by The Hollywood Reporter that T-Mobile will pay 39% of the 1.35b in cash, and the remaining 61% would be awarded to current Mint-Mobile owners in stock. It is also important to note that not the entire payout will occur in cash. For the purposes of this article, let’s meet in the middle of those two figured at 22.5%. Although it has not been publicized how much of the company he actually owned, it can be estimated that he owned somewhere between 20-25% of the company. First, let’s take a look at how much he owns. Reynolds was a minority stakeholder of Mint, which means he does not get the entire buyout. Obviously, not all of this goes to Reynolds. At first glance, that money alone would be more than enough to purchase the Ottawa Senators, but not so fast. It was announced that the deal altogether comes to a 1.35 billion dollar price tag. Ideally this was already done, as Mint hasn't exactly been unscathed by from hacker takeovers itself.I only want the best for Mint Mobile customers. In the meantime, Mint Mobile customers who'll be caught up in this acquisition may want to ensure they've put all appropriate security measures in place to protect their device and account information. We've reached out to T-Mobile to learn how it plans to handle Mint data, but the company hasn't responded. Most recently, T-Mobile said someone abused an API to download the personal information of 37 million subscribers, including names, billing addresses, emails, phone numbers, date of birth, T-Mobile account numbers and more across post- and prepaid customer accounts. The actor-entrepreneur owns a roughly 25 stake in Mint, according to Bloomberg, which previously reported on the company’s deal talks with T-Mobile. Millions of customer records have been stolen from T-Mobile since 2018, when two million records, including hashed passwords, were stolen from the carrier. Reynolds’ investment comes just weeks after he sold Mint Mobile to T-Mobile for 1.35 billion, a business he helped grow in part through his marketing efforts. T-Mobile has been a popular target for cybercriminals, or at least a very soft one, and with the latest theft reported in February has been subject to six data incidents in the past five years. Reynolds’ investment comes just weeks after he sold Mint Mobile to T-Mobile for 1.35 billion, a business he helped grow in part through his marketing efforts. "T-Mobile has assured me that our incredibly improvised and borderline reckless messaging strategy will also remain untouched," Reynolds said in a video that you can see below.Ī minty-fresh plug for those security holes
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