Meredith Sells Time Magazine to Salesforce Founder Marc Benioff

About eight months after Meredith acquired Time Inc., the company announced it has secured new owners for Time magazine. The title will go to Salesforce founder Marc Benioff and his wife, Lynne, for $190 million in cash and is expected to close within 30 days, according to Meredith in a news release. The sale is...