Time Magazine Is Purchased by Marc Benioff, Salesforce Billionaire

Time Magazine Is Purchased by Marc Benioff, Salesforce Billionaire

Time, the pre-eminent regular newsmagazine associated with twentieth century, could have brand brand new owners: Marc Benioff, the billionaire co-founder regarding the computer pc software business Salesforce, and their spouse, Lynne.

Time’s moms and dad business, Meredith Corporation, announced on that it had agreed to sell the flagship publication of once-mighty Time Inc. to the Benioffs for $190 million in cash sunday.

Mr. Benioff becomes the tech billionaire that is latest to make the reins of a iconic media brand. Jeff Bezos, the creator and leader of Amazon, purchased The Washington Post in 2013. A year ago, Laurene Powell work, the widow for the Apple co-founder Steve work, consented to obtain a big part stake within the Atlantic mag through her company, Emerson Collective.

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