NPR

Meredith Corp. To Sell 'Time' Magazine To Salesforce Founder For $190 Million

Almost eight months after Meredith finalized its purchase of Time Inc., the publishing giant says it reached a deal to sell Time magazine to tech billionaire Marc Benioff and his wife Lynne Benioff.
Almost eight months after Meredith finalized its purchase of Time Inc., the publishing giant says it reached a deal to sell Time magazine to tech billionaire Marc Benioff and his wife Lynne Benioff. Source: Eric Baradat

Meredith Corp. said Sunday it has reached a "definitive agreement" to sell Time magazine to Salesforce founder and tech billionaire Marc Benioff and his wife Lynne Benioff for $190 million.

The deal, by , comes almost eight months after Meredith finalized its purchase of Time Inc.

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