Co-founder of Salesforce buys Time magazine for $190 million

WASHINGTON – Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it had been announced Sunday.

Meredith announced it’s selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer.

Meredith had completed buying of Time along with other publications of the time Inc. captured.

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