Salesforce chief Marc Benioff, spouse Lynne to get Time.
The Benioffs said Sunday they are going to purchase the newsmagazine that is 95-year-old $190 million from owner Meredith Corp., which place the name on the block in March. The purchase is anticipated to shut in thirty day period.
“The energy of the time has long been in its unique storytelling regarding the individuals & conditions that affect all of us & link all of us. A treasure trove of our history & tradition. We now have deep respect due to their company & honored to be stewards for this iconic brand name,” Marc Benioff had written on Twitter. Continue reading