EDEN — The ownership of Powder Mountain is shifting. Reed Hastings, chairman of Netflix, has acquired a larger stake in the ski resort, buying the majority of the share that had been owned by Summit ...
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They loaned a ‘modest amount’ to Utah ski resort to get green cards. Now they say Reed Hastings owes them $76M.
Reed Hastings knew Powder Mountain came with baggage when he bought into the ski and snowboard area in 2023 — and it wasn’t the kind that fits in the oversized bins at the airport. In 2016, the former ...
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