Salesforce Billionaire Marc Benioff Buys Time for $190 Million
on September 17, 2018
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Salesforce billionaire Marc Benioff and his wife Lynne have purchased struggling Time magazine for $190 million. From The Wall Street Journal:
In an interview, Mr. Benioff said, “We’re investing in a company with tremendous impact on the world, one that is also an incredibly strong business. That’s what we’re looking for when we invest as a family.” The Benioffs are optimistic about Time’s large audience and growing video business. “The power of Time is its unique story telling of the people and issues that affect us all and connect us all,” said Mrs. Benioff.





