Whistler was bought today in a massive $1.39 billion deal. Whistler/Blackcomb photo.
Updated Wednesday 8/10/16 1:33 PM MST: Whistler/Blackcomb will be included on the Mountain Collective pass for the winter of 16/17. Since Vail's announcement Monday, both Telluride and Revelstoke have been added to the Mountain Collective pass, making it an extremely popular option for those looking to get the most out of this program.
Cue the Darth Vader music... News broke this morning that Vail Resorts Inc. is set to buy Canadian ski company Whistler Blackcomb Holdings Inc. in a massive $1.39-billion deal according to USA Today.
The deal is expected to close this fall, when Vail Resorts is set to acquire 100 percent of Whistler Blackcomb. Shareholders of the company will receive C$17.50 per share in cash and 0.0975 shares of Vail Resorts common stock, for a total value of $27.38 per share.
Dave Brownlie, Whistler Blackcomb’s chief executive officer, said that Vail has “a track record and ultimately a commitment to reinvest more in the resort.” Whistler is currently investing heavily in other, non-winter activities after a less than stellar winter season. "Whistler Blackcomb, with its unprecedented acreage of high alpine terrain and Glacier bowls, is well positioned, but by no means immune to [weather] challenges,” Mr. Brownlie added.
Both board of directors have approved the deal, along with 25% of Whistler Blackcomb shareholders.
While many of us may head to the mountains to escape that dreaded and never-ending pull of computers and electronics, gear and technology are inevitably something we rely on. TGR has always been appreciative of cutting-edge technology, and we choose our gear very wisely, especially since our lives often depend on it. Here are our favorite 10 stories from the gear and tech world from 2017! TGR TESTED: This Year’s Best Mountain Bikes Patagonia Really Wants to Fix Your Shit Mountain Hub’s
Ahh skiing. The foundation of TGR’s universe. We all know it, but sliding down a frozen mountain on two planks is the best feeling in the world. Okay, snowboarding is cool too, so same thing goes there. Anyway, here are our 10 favorite skiing-related stories from the past year. EXCLUSIVE: HOW AARON RICE SKIED 2.5 MILLION FEET IN ONE YEAR Two and a half years ago, Aaron Rice decided he was going to try and ski 2.5 million human-powered vertical feet in one calendar year. Despite many hard
Per a report by the BBC, the bodies of a Japanese tourist and his local guide have been recovered from Cape Town, South Africa's Table Mountain after they died from a fall while scaling the mountain on Monday. The accident, and subsequent rescue attempts, ultimately left hundreds of tourists stranded atop Table Mountain. According to the report, the Table Mountain Cableway–which ferries thousands of people up-and-down the mountain every day–was out of order for about four hours as rescuers