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Time Magazine Is Paid For by Marc Benioff, Salesforce Billionaire

Time, the pre-eminent regular newsmagazine regarding the twentieth century, may have brand brand brand new owners: Marc Benioff, the billionaire co-founder of this computer pc software company Salesforce, along with his spouse, Lynne.

Time’s moms and dad business, Meredith Corporation, announced on Sunday so it had decided to offer the flagship book of once-mighty Time Inc. to your Benioffs for $190 million in money.

Mr. Benioff becomes the latest technology billionaire to make the reins of an iconic news brand name.