Meredith sells Time magazine for $190 million to Salesforce CEO Marc Benioff
BPC Staff Sep 17, 2018 | 4:18 pm [wp-word-count-reading-time after="min read time"][wp-word-count after="words"]All Latest News, Arts and Culture, Statewide News
Des Moines Register: Meredith Corp. has reached a tentative agreement to sell Time magazine for $190 million to Salesforce founder Marc Benioff. In a news release Sunday evening, Meredith officials said Marc and Lynne Benioff were purchasing the title personally and that “the transaction is unrelated” to Salesforce. Marc Benioff is the founder, chairman and co-CEO of the sales, service and marketing software giant. Des Moines-based Meredith acquired Time magazine as part of its $2.8 billion purchase of Time Inc. in January.
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