(Robyn Beck/AFP/Getty Images)īids for Gawker, which also includes popular women's website Jezebel, sports site Deadspin and automobile enthusiast site Jalopnik, were due on Monday. Univision is looking to expand its digital presence, having stakes also in Fusion and The Onion. The Univision Building in Los Angeles is seen in a 2006 file photo. Gawker in 2007 had published an article about Thiel's homosexuality. Hogan's lawsuit was bankrolled by billionaire investor Peter Thiel, an early backer of Facebook Inc and a co-founder of PayPal. Denton's future at Gawker with Univision as the owner is now uncertain. Ziff Davis had agreed to bring him on as a consultant were it to have bought Gawker. Includes sites Jezebel, Deadspinĭenton filed for personal bankruptcy this month to also seek protection from the judgment.
#Gawker media auction professional#
Gawker sought bankruptcy in June after facing a $140 million court judgment following an invasion of privacy lawsuit from former professional wrestler Hulk Hogan over the publication of excerpts from a sex tape. Ziff Davis decided to withdraw once it "felt the price and terms exceeded threshold," according to an internal memo from Chief Executive Vivek Shah. "I am pleased that our employees are protected and will continue their work under new ownership - disentangled from the legal campaign against the company," he said. Gawker founder Nick Denton said in a prepared statement that the company "could not have picked an acquirer more devoted to vibrant journalism." Univision was the only challenger to Ziff Davis, whose stalking horse bid had set the floor for others in the auction.Īn investment banker representing Gawker said in court last month that he had a list of 40 potential buyers he planned to market the company to. ANALYSIS: Gawker sale: Why millenial media is worth more than money.Spanish-language broadcaster is seeking to expand its digital media properties and is not shying away from a news brand that has often courted controversy to build a cult readership. bankruptcy judge on Thursday, shows how the U.S. Univision's winning bid for Gawker, which will go before a U.S.
internet publisher Gawker Media LLC for $135 million US, outbidding media company Ziff Davis LLC, which had made an initial offer of $90 million.
Univision Holdings Inc won a bankruptcy auction on Tuesday to acquire U.S.
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