The founder of Salesforce, Marc Benioff and his wife Lynne Benioff, have agreed to buy Time magazine for $190 million in cash from media and marketing company, Meredith Corporation. 
 
 The deal is expected to be completed within 30 days, according to a press release by Meredith. 
 
 "The Benioffs are purchasing TIME personally and the transaction is unrelated to Salesforce.com, where Mr. Benioff is Chairman, co-CEO and founder," according to the release. 
 
 The Benioffs "will not be involved in the day-to-day operations or journalistic decisions, which will continue to be led by TIME's current executive leadership team," the release said. 
 
 "The power of Time has always been in its unique storytelling of the people & issues that affect us all & connect us all," Benioff tweeted on Sunday. "A treasure trove of our history & culture. We have deep respect for their organization & honored to be stewards of this iconic brand," he said on Twitter. 
 
 Another high-profile technology CEO, Jeff Bezos of Amazon, acquired the Washington Post in 2013. U.S. President Donald Trump has made the newspaper a frequent target of angry twitter outbursts. 
 
 Benioff says he is neither a Democrat nor a Republican, though he publicly supported Hillary Clinton over Donald Trump in the 2016 presidential election. 
 
 Meredith completed its purchase of Time at the end of January 2018. Soon after its completion, Meredith said it was selling Time's news and sports brands to focus on other brands that served its core target audience: American women. 
 
 "On behalf of the entire TIME team, we are very excited to begin this next chapter in our history," said Time Editor-in-Chief Edward Felsenthal. "We can't imagine better stewards for TIME than Marc and Lynne Benioff." ||||| Image copyright Getty Images Image caption Time magazine is being sold amid declines for newsstand sales and print advertising 
 
 Time magazine is changing hands once again, nearly eight months after it was sold to US media group Meredith Corporation. 
 
 The co-founder of Salesforce.com, Marc Benioff, and his wife are personally buying Time for $190m (£145.3m). 
 
 In a statement, Meredith said the Benioffs "will not be involved in the day-to-day operations or journalistic decisions". 
 
 The deal could close within a month but must first get regulatory approval. 
 
 Mr Benioff - who is chairman, co-chief executive and co-founder of the cloud computing firm Salesforce.com - said that he and his wife have deep respect for the organisation and its iconic brand. 
 
 "The power of Time has always been in its unique storytelling of the people and issues that affect us all, and connect us all," he tweeted. 
 
 Image copyright Getty Images Image caption Marc and Lynne Benioff will not be involved in operations or journalistic decisions 
 
 The Benioffs take over the publication at an uncertain time for print media. Time has cut its circulation and struggled with declining advertising revenues. 
 
 Meredith only completed its purchase of parent company Time Inc in January and moved to sell some its most well-known magazine titles soon after. 
 
 Mr Benioff, who is worth $6.7bn according to Forbes, is the latest tech figure to acquire a traditional print publication. 
 
 Amazon chief executive Jeff Bezos bought the Washington Post in 2013. Last year, Laurene Powell Jobs, philanthropist and widow of Steve Jobs, acquired a majority stake in The Atlantic magazine.
– Time magazine is about to change hands for the second time in less than a year. In a deal awaiting the approval of regulators, Salesforce founder Marc Benioff and his wife, Lynne, are buying the 95-year-old magazine from Meredith Corporation for $190 million, CNBC reports. Meredith—which acquired Time Inc. late last year and began looking into selling some of the company's magazines within months—said in a statement that the Benioffs are buying the magazine "personally" and won't be involved in "day-to-day operations or journalistic decisions." Benioff, the latest tech billionaire to invest in print media, said in a statement that he and his wife had deep respect for Time and its "iconic brand," reports the BBC.