Time magazine will have a new home. Nearly eight months after Meredith Corp. completed its purchase of Time Inc., the publisher has agreed to sell Time magazine for $190 million to Marc Benioff, co-founder of Salesforce.com, and his wife Lynne Benioff. The proposed sale is expected to close within 30 days. The Benioffs are buying Time as individuals;...

Source: Wall Street Journal September 16, 2018 22:34 UTC