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Amazon.com Inc.’s Jeff Bezos, Walt Disney Co.’s Bob Iger, and OpenAI Chief Executive Officer Sam Altman are expected to attend panel discussions and chat with fellow moguls as issues such as the rise of artificial intelligence and the future of streaming take center stage at investment bank Allen & Co.’s annual conference.
The summit, which takes place this week in Sun Valley, Idaho, is typically a hotbed for etching out mergers over handshakes. But it could take on a much different tone this year against the backdrop of lackluster deal volume, inflation and higher interest rates.
Activision Blizzard Inc. Chief Executive Officer Bobby Kotick just won a federal court ruling supporting his company’s $69 billion sale to Microsoft Corp. - a decision that will ripple across the deal economy. Both he and Microsoft Chief Executive Officer Satya Nadella are regular attendees.
Arrivals begin Tuesday, with some guests trickling in the day prior to get settled.
The private jets ferrying the executives are expected to back up the small airport in Hailey, Idaho, as they do every year.
