Marco Benioff, co-founder and CEO of Salesforce billionaire, will be a new owner of Time Magazine.
Meredith Corporation, the current owner of this magazine, announced that it had entered a "final agreement" to sell the magazine to Benioff and his wife, Lynne, for $ 190 million. Purchase of Time by Benioffs will be separated from Salesforce and both partners will manage the magazine without intervention.
Mr. Benioff personally bought Time and Mr. Benioff has nothing to do with President Co-C. E. O and its founder, Salesforce.com, "Meredith said. "Mr. Benioff will not be involved in day-to-day operations and journalist decisions, which will continue to be promoted by the current time management team."
Benioff To mutter On Sunday night, he and his wife said "I am honored to be this iconic brand steward."
Benioff says that: "The power of time has always been in the unique story of the people and problems that affect us all and lead to us all.