Salesforce chief Marc Benioff, spouse Lynne buying Time mag

Salesforce chief Marc Benioff, spouse Lynne buying Time mag

Salesforce chief Marc Benioff, spouse Lynne to purchase Time.

The Benioffs said Sunday they are going to purchase the 95-year-old newsmagazine for $190 million from owner Meredith Corp., which put the name on the block in March. The purchase is anticipated to shut in thirty days.

“The energy of Time happens to be with its storytelling that is unique of individuals & problems that affect all of us & link all of us. A treasure trove of y our history & tradition. We now have deep respect for his or her company & honored to be stewards with this brand that is iconic” Marc Benioff had written on Twitter.

Marc Benioff co-founded Salesforce, now San Francisco’s biggest personal company, in 1999. The organization is not mixed up in purchase. The Benioffs stated they won’t be involved with the weekly’s editorial decisions.

“We are honored to end up being the caretakers of just one of this world’s many media that are important and iconic brands,” the Benioffs said in a statement. Leia mais