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, may have new owners: Marc Benioff, the billionaire co-founder associated with the computer computer computer 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 latest technology billionaire to make the reins of a iconic news brand name. Jeff Bezos, the creator and leader of Amazon, bought The Washington Post in 2013. Continue reading “Time Magazine Is Purchased by Marc Benioff, Salesforce Billionaire”