MEDIA Salesforce billionaire Benioff to buy ‘Time’ magazine

Source: Forbes

NJBIZ STAFF//September 18, 2018//

MEDIA Salesforce billionaire Benioff to buy ‘Time’ magazine

Source: Forbes

NJBIZ STAFF//September 18, 2018//

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Marc Benioff, the billionaire cofounder of cloud computing software firm Salesforce, and his wife, Lynne Benioff, are purchasing Time magazine from Meredith Corp. for $190 million. The sale, which Meredith announced on Sunday, comes just eight months after Meredith completed its $2.8 billion…Marc Benioff, the billionaire cofounder of cloud computing software firm Salesforce, and his wife, Lynne Benioff, are purchasing Time magazine from Meredith Corp. for $190 million. The sale, which Meredith announced on Sunday, comes just eight months after Meredith completed its $2.8 billion purchase of magazine firm Time Inc. The deal is expected to close within the next 30 days, and makes the Benioffs the owners of one of America’s most iconic news magazines.

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