The 31st annual Allen & Company Sun Valley Conference gets underway on Tuesday, July 9th. The five day event includes some of the wealthiest and most powerful individuals in media, finance, politics and technology. Past attendees include Bill Gates, Warren Buffet, Rupert Murdoch, Oprah Winfrey, New Jersey Governor Chris Christie, New York Mayor Michael Bloomberg, Apple CEO Tim Cook, HP CEO Meg Whitman, and Facebook CEO Mark Zuckerberg to name a few. The entertainment industry newspaper Variety has posted the 2013 invitation list on its website.
The conference provides a unique opportunity for industry titans to gather and discuss business, political and social issues. Past conferences have spawned major media acquisitions including Disney’s $19 billion acquisition of ABC in 1995 and Comcast’s 2009 purchase of NBC Universal. However, the conference has been relatively quiet in the past few years with no major deals occurring since 2009. We’ll see what transpires this year.