Salesforce billionaires Marc Benioff and his wife Lynne have purchased Time magazine from Meredith Corp. for US$190 million.
We are honored to be the caretakers of one of the world’s most important media companies and iconic brands. Time has always been a trusted reflection of the state of the world, and reminds us that business is one of the greatest platforms for change.
This is a personal purchase and not a Salesforce acquisition. Besides Time, Fortune and Sports Illustrated are also being sold, because “they have different audiences and advertisers than most of its other magazines.”
Check It Out: Time Magazine Acquired by Salesforce Billionaires