Category: Business

Why we Sold Time Magazine for $190m

Time magazine will have a new home. Nearly eight months after Meredith Corp. MDP -0.57% completed its purchase of Time Inc., the publisher has agreed to sell Time magazine for $190 million to Marc Benioff, co-founder ofSalesforce.com , CRM -0.44% and his wife Lynne Benioff. The proposed sale is expected to close within 30 days. The Benioffs are buying...