Time Magazine Is Bought by Marc Benioff, Salesforce Billionaire

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Time, the pre-eminent weekly newsmagazine of the 20th century, will have new owners: Marc Benioff, the billionaire co-founder of the software company Salesforce, and his wife, Lynne.

Time’s parent company, Meredith Corporation, announced on Sunday that it had agreed to sell the flagship publication of once-mighty Time Inc. to the Benioffs for $190 million in cash.

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