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Billionaire Marc Benioff, co-founder of Salesforce, bought the Time Magazine publisher for $190 million in 2018.
Meredith Corp said on Sunday it entered into a definitive agreement to sell the Time media brand to Marc and Lynne Benioff for $190 million in cash.
Benioff, who founded enterprise software giant Salesforce, has engaged Antenna Group about a deal for Time, according to CNBC.
A magazine display in a shop in France in 2004. ... Time Magazines Europe 34 OK! 308,220 [14] Northern and Shell: 35 Woman's Weekly: 307,357 [14] IPC Media: 36
Time (stylized in all caps as TIME) is an American news magazine based in New York City. It was published weekly for nearly a century. Starting in March 2020, it transitioned to every other week.
Half Price Books, Records, Magazines, Incorporated is a chain of new and used bookstores in the United States. The company's original motto is "We buy and sell anything printed or recorded except yesterday's newspaper", and many of the used books, music, and movies for sale in each location are purchased from local residents.