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.
Patagonia CEO Rose Marcario just released a statement about Trump's most recent executive order. Today he signed an executive order which directed the Department of the Interior to review all federally designated lands to determine if ownership should be given over to the states. “This is a big one,” Mr. Trump said before signing the order.
Caroline Gleich has been a fixture in the backcountry skiing and ski mountaineering world for the last five years (at least). She started out shooting epic powder shots with legendary photographers Lee Cohen and Jay Beyer at Alta and eventually found that she was interested in bigger mountains and bigger lines. Gleich is notoriously goal-oriented and she managed to show the outdoor community, through her actions alone, that a Utah pow skier could become an accomplished ski mountaineer. She
This weekend the CEO of Squaw Valley/Alpine Meadows, Andy Wirth, went on Truckee Tahoe Radio to talk about this past winter and what its record-setting snowfall means for the upcoming summer and fall. This has been the snowiest winter ever recorded in Squaw Valley with over 700 inches this season—which is why Wirth said the following at 4:15 into the interview. “I’m actually considering staying open through the summer and fall so it becomes the 16/17/18 season. We’re taking a hard look at