Updated By: LatestGKGS Desk
Marc Benioff becomes owner of Time Magazine
Time Magazine (famous for Time Person Of The Year) sold to tech billionaire Salesforce co-founder Marc Benioff
One of the world's best-known and most widely-read weekly magazines, Time Magazine, was bought by US billionaire Mark Benioff and his wife Lin for $ 19 million (Rs 1,368 crore).
With the purchase of Time Magazine, Mark has joined the list of all the rich tech industrialists who have bought newspapers and magazines. It includes the world's richest person and Amazon company owner Jeff Bezos.
American media company Meredith Corp has sold the famous 'Time' magazine.
According to reports in media, the Benioff couple has bought it personally, it has nothing to do with Salesforce.com.
Benioff couple will not be involved in journalism-related work and decisions of the Time Magazine.
Time Magazine was started by Yale University students Henry Luss and Briton Hayden. Its first sale started in March 1923.
Various editions are published in the world of Time Magazine. Its publication in the US is in New York.
Time Magazine is world famous due to its annual versions - 'Person of the Year', 'Time 100', 'Most Effective Person', etc.
