'Marc Benioff Is In Talks To Sell Time To Antenna Group; Antenna Group Is In Talks To Acquire Time From Salesforce' - CNBC
Portfolio Pulse from Benzinga Newsdesk
Marc Benioff is in early talks to sell Time to Antenna Group. The discussions are preliminary, and no deal is assured. Benioff acquired Time for $190 million in 2018, and current talks suggest a price of $150 million. This comes amid challenges for legacy media companies.
November 01, 2024 | 3:12 pm
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Salesforce co-founder Marc Benioff is in talks to sell Time, which he acquired in 2018, to Antenna Group for $150 million. The deal is not yet confirmed.
The news involves Marc Benioff, co-founder of Salesforce, but the transaction is personal and not directly related to Salesforce's operations. Therefore, the impact on Salesforce's stock is neutral.
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