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Salesforce co-founder buys Time magazine for $190 million in cash

Monday, September 17, 2018, 7:10 PM

Time magazine is being sold by Meredith Corporation to Marc Benioff, a co-founder of Salesforce, and his wife. Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer. Meredith had completed the purchase of Time along with other publications of Time Inc earlier this year.

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