Salesforce CEO Marc Benioff and his wife Lynne Benioff will buy Time Magazine for $US190 million.
The sale comes just eight months after Meredith Corp., which publishes such titles as People, Better Homes and Gardens, and Entertainment Weekly, completed its purchase of the iconic magazine.
Meredith also listed several other titles, including, Fortune, Money, and Sports Illustrated, though negotiations for those publications continue to drag on, according to the Wall Street Journal.
The sale is expected to close with 30 days, according to the Journal, and the Benioffs are buying the outlet as individuals.
Click here to read more about Benioff’s plans for Time.
In related news, the deal could drag tech deeperinto Trump’s firing line.
In other news:
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