CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many millions did Time Magazine acquired by Salesforce Founders?
A
190 millions
B
250 millions
C
380 millions
D
450 millions
Explanation: 

Detailed explanation-1: -Los Angeles/New York: Salesforce.com Inc. founder Marc Benioff and his wife Lynne agreed to acquire Time magazine from Meredith Corp.

Detailed explanation-2: -When Salesforce.com founder Marc Benioff and his wife Lynne bought Time magazine from Meredith Corp.

Detailed explanation-3: -Time’s parent company, Meredith Corporation, announced on Sunday that it had agreed to sell the flagship publication of once-mighty Time Inc. to the Benioffs for $190 million in cash. Mr. Benioff becomes the latest tech billionaire to take the reins of an iconic media brand.

Detailed explanation-4: -Since 2018, Time has been owned by Salesforce founder Marc Benioff, who acquired it from Meredith Corporation. Benioff currently publishes the magazine through the company Time USA, LLC.

Detailed explanation-5: -What was Marc Benioff’s Salary in 2021? As Chair and CEO of Salesforce, Inc, Marc Benioff has a total base salary of $1,550,000 . Marc Benioff received compensation valued at about $25,740,775 in 2021 after becoming Chair and CEO.

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