Nation & World Glance
Co-founder of Salesforce buys Time magazine for $190 million
WASHINGTON — Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday.
Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer.
Meredith had completed the purchase of Time along with other publications of Time Inc. earlier this year.
The Benioffs are purchasing Time personally, and the transaction is unrelated to Salesforce.com, where Benioff is chairman and co-CEO and co-founder.
The announcement by Meredith said that the Benioffs would not be involved in the day-to-day operations or journalistic decisions at Time.
Those decisions will continue to be made by Time’s current executive leadership team, the announcement said.
“We’re pleased to have found such passionate buyers in Marc and Lynne Benioff for the Time brand,” Meredith president and CEO Tom Harty said in a statement. “For over 90 years, Time has been at the forefront of the most significant events and impactful stories that shape our global conversation.”
Palestinian stabs AmericanIsraeli man to death in West Bank
JERUSALEM — A Palestinian assailant on Sunday fatally stabbed an Israeli settler outside a busy mall in the West Bank.
The victim was identified as Ari Fuld, a U.S.born activist who was well-known in the local settler community and an outspoken Israel advocate on social media platforms.
The military said the attacker arrived at the mall near a major junction in the southern West Bank, close to the Gush Etzion settlement bloc, and stabbed the Fuld before fleeing.
Video footage showed Fuld giving chase and firing at his assailant before collapsing. Other civilians shot the attacker, whom Israeli media identified as a 17-year-old from a nearby Palestinian village. He was reportedly in moderate condition.
Fuld, a 45-year-old father of four who lived in the nearby settlement of Efrat, was evacuated to a hospital, where he was pronounced dead.