• Sunday, August 14, 2022


Meredith Sells Time Magazine to Founders of Salesforce.com for £144.65 Million

Meredith Sells Time Magazine to Founders of Salesforce.com for £144.65 Million (Photo Credit: ERIC BARADAT/AFP/Getty Images).

By: Radhakrishna N S

Meredith Corporation has announced that it has entered into a definitive agreement to sell the Time media brand to the founders of Salesforce.com, Marc and Lynne Benioff for £144.65 million in cash. The transaction is expected to close within a month. The Benioffs are purchasing Times personally and the transaction is unrelated to Salesforce.com, where Benioff is Chairman, Co-CEO, and founder. Marc Benioff and his wife Lynne will not be involved in the day-to-day operations or journalistic decisions, which will continue to be led by Time’s current executive leadership team. Times is a global, breaking news multimedia brand that reaches a combined audience of…

You do not have access to this content. You need to subscribe.

Eastern Eye

Related Stories

Eastern Eye


Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…