![]() Gawker and Denton were influential forces in the growth of online media, developing a direct, conversational and sometimes-slashing style that dispensed with many journalistic conventions and was widely imitated. (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 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.
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