Meredith Corp. is selling Time magazine for $190 million to husband and wife philanthropists Marc Benioff and Lynne Benioff. Marc Benioff is the co-founder, chairman, and co-chief executive of Salesforce. The deal is expected to close within 30 days, The Wall Street Journal reports. "We're investing in a company with tremendous impact on the world, one that is also an incredibly strong business," Marc Benioff told The Journal.
Meredith Corp. To Sell Time For $190 Million
The Week - Business, The Week: Business
Sun, 09/16/2018 - 6:36pm
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