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Vail Resorts Inc.
Mammoth Mountain owner buys Bear Mountain and Snow Summit
Mammoth Mountain owner buys Bear Mountain and Snow Summit

The operators of the Mammoth Mountain ski resort, one of the nation's most popular snow destinations, have signed a $38-million deal to acquire the Bear Mountain and Snow Summit resorts near Big Bear Lake in the San Bernardino Mountains. The move, which comes in the midst of a historic drought, puts Mammoth Mountain in control of more than 4,000 acres of skiable land in California, visited by about 2 million skiers and snowboarders a year. "My father used to say in business you want to do the opposite of what everyone else is doing," said Rusty Gregory, chief executive of Mammoth Mountain. "This does look like a questionable time to buy a ski resort operation."...

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