Fourth July fireworks have arrived and gone, which means one thing: Idaho swanky resort is preparing to host an annual “billionaire summer camp”.
The annual china is Allen & Co.. in Sun Valley starting on Tuesday, attracting a slide of A-list media and house-tech technologists for another round of dealing could help shape the industry shape in the coming year.
As usual, Jeff Bezos, Mark Zuckerberg, Bill Gates and Warren Buffett are served by slates. Ditto for Apple CEO Tim Cook and Disney boss, Bob Iger.
And as usual, they will all be seen turning to the resorts lands, sometimes to paste an ice cream cone – but more often locked in a deep conversation about a possible merger or acquisition.
“There are two stories. One person who intends to attend this week said.
The other, the consultative mogul, says that “a company's value is defined by a large IP,” which refers to intellectual property, whether it is a brand, television franchise or film archive.
“The people who don't have their own IP won't be able to do it,” said the exec.
In other cases – especially in the media – companies may be forced to eat or eat just because they are not big enough to survive on their own. CBS and Viacom could be concerned – and Shari Redstone will be on the spot to push that point, according to a list of 90 An Post attended.
The daughter of the incapacitated billionaire Sumner Redstone governs the boards of both companies, and merger talks are already going on, according to sources.
However, insiders say that the heiress examined the media of the SLSs and Viacom merged with a third company, the fourth company or even the fifth average company. The potential targets relate to Discovery Communication to Take-Two Interactive.
“In the end, the big change since last year was that everyone who we thought in the past year had great recognition that they are not big enough,” another media exec said. “They all need to develop or get more materials.”
And yes – this also applies to Apple, Facebook, Amazon, Netflix, Google and Disney, all of which are in a subject race. The winners will have to acquire and hold their material on a global basis.
Among some major markets germination at Sun Valley has purchased Verizon Yahoo for $ 4.8 billion and acquired Bezos of Washington Post for $ 250 million.
Other items to be attended include Barry Diller IAC and his wife, designer Diane Von Furstenberg; King Gayle of the Christian Brothers; former leader of Dreamworks and CEO Quibi Jeffrey Katzenberg; and co-founder of Imagine Entertainment Brian Grazer.
Netflix CEO Reed Hastings and Chief Creative Officer Ted Sarandos will be sitting this year due to scheduled conflicts, according to a company spokesperson.
Among those who attended the sport were Commissioner NFL Roger Goodell, MLB Commissioner Rob Manfred, and Commissioner NBA Adam Silver. Bob Kraft, regular regular Patriots, will sit out on Sun Valley after allegations he called prostitution at Florida's massage parish. Kraft denied the allegations.