Murdoch's ambitions may take center stage in Sun Valley

Rupert Murdoch will jet into Idaho's Sun Valley for the year's most exclusive tech and media industry gathering, armed with both the money and the appetite for a major deal.

The 83-year-old Twenty-First Century Fox chief executive officer, a regular at investment bank Allen & Co's annual gathering, is in the midst of a deal that would give Fox the firepower to buy a content company.

Fox's 39 percent-owned British Sky Broadcasting Group is negotiating to buy Fox's Sky Italia and its Sky Deutschland subsidiary in a deal that could net Fox as much as $13 billion. Sun Valley will be teeming with CEOs whose companies might fit the bill. Among expected attendees are Time Warner CEO Jeff Bewkes and Viacom CEO Philippe Dauman.