Salesforce Founder Inks $190 Million Deal to Buy Time Magazine

MarketWatch: Nearly eight months after Meredith completed its purchase of Time Inc., the publisher has agreed to sell Time magazine for $190 million to Marc Benioff, co-founder of Salesforce.com, and his wife Lynne Benioff. The Benioffs are buying Time as individuals; the agreement is unrelated to Salesforce.com.