Sun Valley Draws Select Media And Tech Execs Against Uncertain M&A Backdrop

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Sun Valley Draws Select Media And Tech Execs Against Uncertain M&A Backdrop
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A cross-section of front-rank executives from the media and tech sectors has gathered in Sun Valley, ID, for Allen & Co.’s annual conference. This year’s edition of the event, held …

This year’s edition of the event, held each July since 1983, gets under way on Tuesday. It is unfolding in the wake of several pivotal mergers and with questions swirling about near-term M&A scenarios and the unsettled order of a commingled universe, in which traditional media and tech giants are increasingly intersecting.CEO Tim Cook, will be back.

“It’s the kind of thing where people don’t necessarily look forward to going, but once they’re there, they see people and have interesting conversations, so they see it as worthwhile,” one veteran of the circuit notes. Founded nearly a century ago, Allen & Co. has had a prominent spot in entertainment since the boutique investment firm acquired control of Columbia Pictures in the 1970s and then profited handsomely when Coca-Cola bought the studio in 1982. It has continued to advise entertainment companies, including recently Time Warner in its deal with AT&T, but has also sought to expand into technology.

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