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June 4, 2023
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Co-founder of Salesforce buys Time magazine for $190 million

WASHINGTON – Time Magazine sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, along with his wife, it absolutely was announced Sunday.

Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer.

Meredith had completed acquiring Time and various publications of the time Inc. recently.

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