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07-08-2013, 07:51 PM #1
Apple CEO Tim Cook Expected to Attend Sun Valley Conference Later This Week
Apple’s CEO, Tim Cook, is one of the guests expected to attend the annual Sun Valley conference in Idaho. The conference is a gathering known for giving media and technology moguls an opportunity to discuss high profiles deals in a closed, private setting. Originally held by the New York-based investment bank Allen & Co., the Sun Valley retreat invites roughly 300 industry leaders to participate in panels on politics, business and other disciplines over the course of four days according to Reuters. This year, Cook will be attending the event for the second time after making a surprise appearance last year.
In addition to the lectures, a large portion of time is allotted for attendees to talk with one another over meals and social events. According to the publication, people such as Disney CEO Bob Iger, CBS Corp CEO Les Moonves and Rupert Murdoch are other figures expected to make their yearly trip to Idaho. Aside from Cook, other tech leaders who were invited include Facebook founder and CEO Mark Zuckerberg, Amazon CEO Jeff Bezos, Google’s Sergey Brin, Eric Schmidt and Larry Page, and Netflix CEO Reed Hastings.
Although the executives’ schedules haven’t been made public, the highlight of this year’s meet-up could potentially be Liberty Media Corp Chairman John Malone, the so-called “King of Cable,” who recently re-entered the U.S. market by taking a 28% stake in Charter Communications. Analysts see the move as a precursor to an upcoming consolidation in the cable industry as Malone reportedly has his eye on purchasing the cable giant Time Warner. With Apple becoming more focused on taking the Apple TV from a “hobby” to a full-fledged business initiative, the timing could be right for Cook to make good deals with cable operators.
The Sun Valley conference starts tomorrow and runs through until Friday, we’ll have to see if any important information is publicly revealed.