Category : Business
Salesforce.com Inc. founder Marc Benioff and his wife Lynne agreed to acquire Time magazine from Meredith Corp. for $190 million in cash, joining Jeff Bezos among tech billionaires buying venerable print publications. The move thrusts the brash 53-year-old entrepreneur, who helped lead the shift of software to an on-demand model, into a new role: media baron. TIME magazine publisher Time Inc was sold to Meredith for $1.8 billion in January 2018. |
Source- The Livemint |
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