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Thank you. McMillan Online Community. From Wondery, I'm David Brown, and this is Business Wars Daily on this Tuesday, December 15th.

About this time of year,

most years, a lot of people start dreaming about their upcoming ski trips. But this year is possibly

the weirdest year ever for skiers and snowboarders. Last year marked a turning point in which two

giant conglomerates took over the ski industry. In 2018, a Colorado private equity firm called KSL Partners got

together with another investor and launched the multi-billion dollar Altera Mountain Company.

Altera snapped up big-name resorts, including Steamboat Springs, Mammoth Resorts in California,

and Deer Valley Resorts. Altera's enormous rival, Vail Resorts, went on a buying spree, too.

Last year, Vail, the biggest ski resort company in North America, continued scouring the country

...