Utah’s richest man wants Vail Resorts to sell him the nation’s largest ski area

Matthew Prince, a billionaire and founder of Cloudflare, is urging Vail Resorts to sell Park City Mountain Resort, the largest ski area in the U.S., arguing the company’s stock is undervalued and its management is poor at capital allocation. He advocates for an asset-light franchise model to divest resorts while retaining pass partnerships.