Salesforce’s Marc Benioff picks up Time Magazine for $190 million

Marc Benioff is the latest tech titan to snap up a major news publication. The Salesforce.com founder and his wife, Lynne Benioff, have agreed to purchase Time Magazine for $190 million in cash, a transaction expected to close within 30 days, according to Meredith Corporation. The Iowa-based media company bought Time, Inc. just eight months ago, though soon after said it had plans to sell the flagship magazine, along with Sports Illustrated, Fortune and Money, in an effort to home in on its…

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Salesforce’s Marc Benioff picks up Time Magazine for $190 million