New York – Time Magazine Sold for $190M To Salesforce Billionaire Marc Benioff

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    New York – Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife.

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    The Wall Street Journal reported that the iconic news magazine is being sold for $190 million to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer.

    The sale is occurring nearly eight months after Meredith Corp. completed its purchase of Time Inc.

    Meredith, the publisher of such magazines as People and Better Homes & Gardens, had put four Time Inc. publications up for sale in March. Negotiations for the sale of the three other publications — Fortune, Money and Sports Illustrated — are continuing.


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    AlbertEinstein
    AlbertEinstein
    5 years ago

    Seems like a piddling price to pay for such an “esteemed” publication of “quality” news”. LOL.

    music613
    music613
    5 years ago

    Steamed publication of fictional hyperbole might be closer to the truth.