TIME magazine sold to Salesforce Co-founder for $190 million
The iconic TIME magazine is being sold by Meredith Corporation to Salesforce.com's Co-founder Marc Benioff and his wife Lynne Benioff for $190 million (â¹1,378 crore). In a statement, Meredith said the Benioffs "will not be involved in the day-to-day operations or journalistic decisions". TIME magazine publisher Time Inc was sold to Meredith for $1.8 billion in January this year.