Stephen Yang
Gawker.com will cease operations next week, just days after Univision's successful bid to buy the media company, the website said Thursday.
Outgoing chief executive Nick Denton informed current staffers of the decision Thursday afternoon, before a bankruptcy judge was to decide whether to approve Univision’s $135-million bid for Gawker Media’s other assets.
According to the article, Gawker.com's coverage plan in the interim has yet to be finalized.
Gawker Media declared bankruptcy in June after a $115-million judgment was leveled against the company after former pro-wrestler Hulk Hogan filed an invasion of privacy lawsuit that was funded by billionaire tech investor Peter Thiel.
LINK: Univision To Buy Gawker Media For $135 Million
from BuzzFeed - USNews http://ift.tt/2bBdyxt
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