Shari Redstone Mingles With Billionaires at Sun Valley Retreat 2 Days After Paramount Sale
Shari Redstone, who two days ago sold Paramount Global to Skydance Media, touched down in Sun Valley, Idaho, Tuesday.
She joined other media and tech moguls including Meta’s Mark Zuckerberg, Disney’s Bob Iger, Amazon’s Jeff Bezos, OpenAI’s Sam Altman and IAC’s Barry Diller, whose pursuit of Paramount foundered as Skydance closed the $8 billion deal on Sunday.
Perhaps Diller still harbors hope?
Over 160 private jets were scheduled to fly in Tuesday, crowding the Idaho resort’s tiny airport as today’s biggest industry players flew in for Allen & Co.’s annual “summer camp for billionaires.” Details and happenings of the invite-only, ultra-secretive event at the sprawling ski lodge are kept under lock and key from the public, but the annual conference has traditionally served as a hotbed for industry dealmaking.
Redstone, therefore, may well court suitors for Paramount Global even after she agreed to sell to David Ellison’s Skydance. Thanks to the deal’s 45-day go-shop provision, Paramount has the right to search for a better offer through mid-August.
Ellison will not be in Sun Valley.
Imagine Entertainment cofounder Brian Grazer will also be in attendance, having just hired bankers to help sell the company he leads with director Ron Howard.
Iger, meanwhile, was joined by several potential successors after he steps away from Disney’s helm in 2026, including Disney Entertainment cochairmen Dana Walden and Alan Bergman and Disney Parks chief Josh D’Amaro.
Other media moguls slated to attend are Microsoft cofounder Bill Gates, NewsCorp owner Rupert Murdoch and his sons Lachlan and James, Apple’s Tim Cook, YouTube’s Neal Mohan and Comcast’s Brian Roberts.
Hollywood is also represented by Netflix co-CEOs Ted Sarandos and Greg Peters and the streamer’s chairman Reed Hastings and Warner Bros. Discovery CEO David Zaslav.
As the health of President Joe Biden dominates the national discourse, prominent Democrats — senate majority leader Chuck Schumer, Michigan Gov. Gretchen Whitmer, Pennsylvania Gov. Josh Shapiro and Maryland Gov. Wes Moore — will also touch down.
Missing this year are Elon Musk and Berkshire Hathaway CEO Warren Buffett.
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