Time magazine sold for the second time in a year

Baku. 17 September. REPORT.AZ/ American magazine Time has been sold for the second time in a year, Report informs citing the Wall Street Journal.

The buyers of the journal will be the co-founder and CEO of Salesforce, Mark Benioff and his wife Lynn.

The business dealing is estimated in $190 mln. This dealing is expected to be completed within 30 days and the Benioff couple are said to purchase the magazine as individuals.

Eight months ago, Time was bought by Meredith Corp.