Ryan Reynolds, an actor and producer, has signed his first $1 billion contract.
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Reynolds is a minority owner of the cellphone company Mint Mobile, which has been acquired by T-Mobile in a deal that could be worth $1.35 billion
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the actual payout will depend on the performance of the brands before and after the deal closes
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39 percent of the price will be paid in cash, and 61 percent in T-Mobile stock.
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It's unclear how much Reynolds will personally receive from the deal,
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Reynolds said in a statement on Wednesday that "Mint Mobile is the finest offer in wireless and today's news only increases our ability to deliver for our customers.
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We are thrilled that T-Mobile outbid my mom Tammy Reynolds' strong last-minute offer since we think the strength of their 5G network
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T-Mobile is also acquiring Ultra Mobile, which aims to provide similar services as Mint.
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