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Salesforce CEO Marc Benioff and His Wife are Buying Time Magazine for $190 Million

Business Insider
  • Salesforce CEO Marc Benioff and his wife Lynne Benioff will buy Time Magazine for $190 million.
  • The announcement comes just eight months after Meredith Corp., publisher of several popular print publications, completed its purchase of Time.
  • In a note relayed by Time editor-in-chief Edward Felsenthal, Benioff said he and his wife would have "no operational responsibility" for the weekly outlet, and acquired it as an investment...
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