Salesforce Founder to Buy Time from Meredith

Salesforce founder Marc Benioff has agreed to buy Time magazine from Meredith Corp.

Benioff made the announcement via Twitter on Sunday night.

According to The Wall Street Journal, the sales price is $190 million in cash.

Benioff and his wife Lynne will oversee the iconic magazine, which they referred to as “a treasure trove of history and culture.”

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