Cloudflare CEO slams Vail Resorts' appointment of Bill Hornbuckle to board

M&A · PartnershipManagement

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Cloudflare CEO Matthew Prince has publicly criticized Vail Resorts' appointment of MGM Resorts International chief Bill Hornbuckle to its board, intensifying tensions as Prince pursues a roughly $500 million offer to acquire Park City Mountain Resort. Vail Resorts announced on July 30, 2026 that Hornbuckle would join as its tenth board member effective August 3, 2026. Prince, a Park City native and former ski instructor, has argued the company underinvests in lift infrastructure, snowmaking, and worker compensation, and has framed safety shortfalls as justification for a community-based acquisition. Vail Resorts has rejected the offer, stating Park City Mountain is not for sale and citing $121 million in capital investment at the resort since 2016. The appointment comes amid reports that Vail Resorts has hired takeover-defense bankers and that Oasis Capital is weighing a proxy fight, with the next earnings call scheduled for September 24, 2026.