Time magazine sold for USD 190 million to couple
Nimrat Kaur
September 17th 2018 11:09 AM --
Updated:
September 17th 2018 11:10 AM
Time magazine sold for USD 190 million to couple
Time magazine is being sold by Meredith Corp to Marc Benioff, a co-founder of Salesforce, and his wife, the Wall Street Journal reported.
The iconic news magazine is being sold for USD 190 million to Benioff, one of four co-founders of Salesforce.
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.