Time magazine Salesforce Company bought $ 19 million

Time magazine Salesforce Company bought $ 19 million

The world's famous magazine time has been sold by American-owned American media company Meredith Corp. Meredith Corporation announced this while declaring that Salesforce's co-founder Mark Benoff and his wife will be the owners of this magazine.

Time Magazine deals with $ 1,368 million ($ 19 million). It is being sold to co-founder Benof, the sales force of the cloud computing company Salesforce. This deal, expected to be completed in 30 days, with Meredith Media Group, with Salesforce's co-founder Mark Binoff (53) and his wife Lynie Benoff.

Meredith Time Magazine and other publications of Time Inc. had completed the process of buying earlier this year. Benof is taking a couple of times as a private deal, which has nothing to do with salesforce.com.

In the announcement of Meredith, it was said that Benof will not be involved in daily journalistic work and decisions of the Time Magazine. These decisions will take the current executive leadership of Time Magazine. Tom Hadty, president and CEO of Meredith Corp, said, "We are very happy to find buyers like Mark and Lynie Binoff for the time brand. In the last 95 years, Time has been witness to the most important events and most influential stories, which shaped the global dialogue.