She sold a little more than half of her stake. Kylie Jenner, who owns Kylie Cosmetics sold that to Coty for $600 million. They sold that, a majority stake in that for a deal worth up to $600 million.īrad Pitt selling a stake in his production company. Conor McGregor, the fighter, he and his partners owned another liquor company, an Irish whiskey company called Proper Number 12. And here are some other examples of folks who have done the same. He sold some of his liquor company's brands to Diageo back in 2020 for $610 million. I'm sort of fascinated by the idea that you have these people in the entertainment industry who have investments in various things that they then sell off.Īnd this, as I mentioned, isn't the first time that Reynolds has done this. To talk a little bit more about the Ryan Reynolds side of the story. JULIE HYMAN: So that was the T-Mobile side of the story. But look, T-Mobile's market share gains the past year, the sales, the earnings growth suggests that customers are viewing it as probably the best position in 5G. And of course, obviously, Verizon and AT&T would scoff at that, of course. And so are we going to see T-Mobile gaining even more market share because people are going to be watching their wallets even more closely?īRIAN SOZZI: Yeah, and it's still also- I generally assume, at least on the Street, a lot of coverage you read, Julie, that T-Mobile, because it brought those Sprint assets, got a lot of great spectrum, that they are- they have the 5G leadership here in the industry over Verizon and AT&T. But to your point, you know, we've talked to some analysts who talk about that not only has T-Mobile built up that prepaid card business, but also, of course, it looks like we're heading into maybe a recession, at the very least to slow down. So I guess that's why people associate him with the company. JULIE HYMAN: Yeah, he's been the spokesman for Mint Mobile also. So a lot of competition here for an asset, Julie, from Ryan Reynolds that has been very much out in front of the media in large part because of his TV ads. Verizon spent $6 billion on to buy Tracfone to ultimately compete with an AT&T's Cricket Wireless. Two weeks ago, came out with a positive earnings re-announcement- or a positive earnings announcement ahead of them ultimately reporting.īut it really goes to show a lot of demand for these mobile- these prepaid wireless companies. Look, they continue to gain a lot of market share in this industry. The Ryan Reynolds success in business on the one hand and what T-Mobile is building on the other hand.īRIAN SOZZI: Yeah, T-Mobile. So you know, kind of interesting, two sides of the story here. And he's done pretty well before, Sozz, by selling a stake in his- or selling, I guess, entirely his liquor company.
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