Time Magazine Acquired By Salesforce Founders For $190 million

Salesforce.com Inc. founder Marc Benioff and his wife Lynne agreed to acquire Time magazine from Meredith Corp. for $190 million in cash, joining Jeff Bezos among tech billionaires buying venerable print publications. 
The move thrusts the brash 53-year-old entrepreneur, who helped lead the shift of software to an on-demand model, into a new role: media baron. TIME magazine publisher Time Inc was sold to Meredith for $1.8 billion in January 2018.

Source- The Livemint

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Time was founded in 1923.