Vail Resorts to buy Canada's Whistler Blackcomb: Reuters
Vail Resorts Inc said it would buy Whistler Blackcomb Holdings Inc, operator of the Canadian ski resort that was a venue for the 2010 Olympic Winter Games, for about $1.39 billion, Reuters reported. Vail, which owns mountain resorts in the United States and Australia, will pay about $676 million in cash and $715 million in stock. Whistler Blackcomb is a portfolio company of KSL Capital Partners, a U.S. private equity firm focused on travel and leisure investments. KSL acquired a 24 percent stake in the business in December 2012.
8 August 2016•3 mins read
