Marc Benioff is in talks to sell media company Time to Antenna Group
Publishing timestamp: 2024-11-01 13:41:02
Summary
Antenna Group is in talks to acquire Time from Marc Benioff, but no deal is assured yet. The media industry is facing challenges from digital-first platforms, with companies like Comcast considering spinoffs and Washington Post losing subscribers. Benioff bought Time in 2018 for $190 million, and talks with Antenna have centered around a price of $150 million.
Sentiment: NEUTRAL
Keywords: breaking news: business, comcast corp, media, business news, technology, business, marc benioff, salesforce inc,
Source: https://www.cnbc.com/2024/11/01/marc-benioff-in-talks-to-sell-time-inc-to-antenna-group.html