![]() ![]() ![]() But the flagship site,, apparently didn’t fit into Univision’s plans. The deal is expected to be approved Thursday. P ublisher Ziff Davis has made a "firm" bid to buy Gawker Media, in its entirety, for " less than $100 million," Recode reports. Valley investor acknowledged that he secretly financed Hulk Hogans lawsuit against Gawker Media in an effort to put the news website out of business. 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. "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. is out of business because one wealthy person maliciously set out to destroy it, spending millions of dollars in secret, and succeeded. 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. The end came thanks to an invasion of privacy lawsuit secretly funded by the tech mogul. The billionaire investor who helped bankrupt the once-mighty gossip empire reached an agreement Wednesday with an administrator for the companys remaining. "Even with his billions, Thiel will not silence our writers. The opportunity to buy it came after the crash of its parent company, Mr. Bankruptcy allows Gawker to avoid having its assets seized while it continues to appeal. 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. ![]()
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