Homevideos Newseconomy News

    Salesforce founders acquire TIME magazine for $190 million

    videos | IST

    Salesforce founders acquire TIME magazine for $190 million

    Mini

    Salesforce founders acquire TIME magazine.

    Salesforce founders acquired TIME magazine. Salesforce's Marc Benioff and his wife Lynne Benioff to acquire time magazine from Meredith corporation.
    The Benioffs are buying the magazine for $190 million. The deal is likely to be closed within a month after regulatory approvals.
    However, the Benioffs will not be involved in the day-to-day operations or journalistic decisions.
    Meredith Corp acquired the magazine in January this year. Yale graduates Henry Luce and Briton Hadden founded the time magazine in 1923.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng