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Shari Redstone, Barry Diller and Jeff Bezos and his fiancée Lauren Sanchez were among those fueling the gossip mill as Allen & Co.’s “summer camp for billionaires” kicked off in Sun Valley, Idaho on Wednesday. Redstone’s deal to merge Paramount with David Ellison’s Skydance Media was the big story as business bigwigs gathered for the first full day of festivities at the swanky ski resort.

The agreement announced Monday includes a “go shop” provision that gives Redstone 45 days to entertain outside offers. Diller, the 82-year-old chairman of IAC, was reportedly considering a bid for Paramount as recently as last week — and hinted that he hasn’t ruled out the possibility. The 45-day window is a “lifetime” in the business world, a coy Diller told reporters while walking the grounds with his wife, fashion designer Diane von Furstenberg, according to Bloomberg .



Meanwhile, Warner Bros. Discovery CEO David Zaslav — reportedly an early bidder for Paramount who dropped out of the process — cryptically replied to questions on the Paramount-Skydance deal upon his arrival at the resort, calling it “good for the industry.” The deal marked the culmination of months of back-and-forth negotiations about Paramount’s future.

Notably, Paramount would have to pay a $400 million breakup fee if it receives another offer and Skydance opts not to match it. Redstone, who wore a pink fleece and sunglasses on her first day at Sun Valley, was spotted with a large coffe.

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