![]() P ublisher Ziff Davis has made a "firm" bid to buy Gawker Media, in its entirety, for " less than $100 million," Recode reports. A decade earlier, in its casually cruel way, Gawker had outed Thiel, so he decided, coldly and deliberately, to drive it out of business, secretly funnelling 10 million into cases against the US. But the flagship site,, apparently didn’t fit into Univision’s plans. Univision is buying Gawker out of bankruptcy for 135 million VentureBeat (Reuters) Univision won a bankruptcy auction on Tuesday to acquire U.S. The deal is expected to be approved Thursday. The sites have a total global readership of 90 million, according to the company. "I saw Gawker pioneer a unique and incredibly damaging way of getting attention by bullying people even when there was no connection with the public interest," Thiel, whom Gawker reportedly outed as gay in 2007, told The New York Times.ĭenton has said that he is confident that Gawker will prevail on appeal, but in the meantime, his company is up for auction. Univision, the Spanish-language broadcaster and digital publisher, agreed to purchase Gawker Media’s stable of sites for 135 million in a bankruptcy auction held this week. Gawker Media’s other blogs include the women-focused Jezebel, tech-oriented Gizmodo and sports site Deadspin. Our sites will thrive - under new ownership - and we'll win in court," Denton said in a tweet.įorbes broke the news in late May that billionaire Silicon Valley investor Peter Thiel had secretly financed Hogan's lawsuit and others against Gawker Media in an effort to put the website out of business. "Even with his billions, Thiel will not silence our writers. The end came thanks to an invasion of privacy lawsuit secretly funded by the tech mogul. Bankruptcy allows Gawker to avoid having its assets seized while it continues to appeal. The opportunity to buy it came after the crash of its parent company, Mr. ![]() Gawker founder Nick Denton told staff on. In March, Hogan was awarded $140 million in damages stemming from a Gawker article published in 2012, which included a clip of Hogan having sex along with commentary. The news site will shut down next week, just days after its parent company was purchased by Univision. ![]()
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