Vail Resorts to Buy Whistler Blackcomb in $1 Billion Deal
The skiing world was rocked today with the news that the world’s largest ski area operator is acquiring North America’s largest ski resort.
Vail Resorts on Monday said it will pay $1.06 billion for the sprawling Canadian ski area Whistler Blackcomb.
The stock and cash transaction has been unanimously approved by the boards of Whistler and Vail Resorts, North America’s largest resort operator. The deal, which still must be approved by Whistler Blackcomb shareholders and Canadian courts, is expected to close this fall.
Vail Resorts says it will include the British Columbia ski area in the Epic Pass and other season pass products for the 2017-18 winter. Whistler Blackcomb’s existing season-pass products will be honored for the full 2016-17 winter season.
I have my opinions on this.