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Univision To Buy Gawker Media For $135 Million (recode.net)

An anonymous reader quotes a report from Recode: Univision has won the auction for Gawker Media. The TV network and digital publisher has agreed to pay $135 million for the bankrupt blog network, according to a person familiar with the deal. Univision's offer will encompass all seven of Gawker Media's sites, including Gawker.com. Ziff Davis and Univision were the only two bidders for Gawker, which filed for bankruptcy after Hulk Hogan and Peter Thiel won a $140 million judgment in a privacy case. Ziff Davis had originally offered $90 million for Gawker Media. Here's a statement from Gawker Media owner Nick Denton: "Gawker Media Group has agreed this evening to sell our business and popular brands to Univision, one of America's largest media companies that is rapidly assembling the leading digital media group for millennial and multicultural audiences. I am pleased that our employees are protected and will continue their work under new ownership -- disentangled from the legal campaign against the company. We could not have picked an acquirer more devoted to vibrant journalism." The deal won't be official for a bit. For starters, a U.S. bankruptcy court judge needs to sign off on the transaction. When it is final, the judgment funds will be set aside while Gawker appeals its court case; eventually the money will go to the side that wins.

3 of 138 comments (clear)

  1. One Left Wing partisan saves another. by sethstorm · · Score: 0, Troll

    Now we get to hear a slant that's not only left-wing, but also pro-illegal to boot.

    --
    Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
  2. Re:You mean illegals. by Anonymous Coward · · Score: 0, Troll

    There's no immigration in illegal alien.

    There's also no immigration in a federal judge of Mexican descent born in Indiana. Nor is there immigration in a black president born in Hawaii.

    You can try to excuse Trump's bigotry all you want. The fact is, it's sinking him. The last groups that haven't abandoned him are neo-Nazis and the KKK. Do you wonder why that is?

  3. Re: Does this mean... by AK+Marc · · Score: 1, Troll

    You have no constitutional rights unless you're a citizen or already in the country.

    That's debatable. The US blocked suits about Guantanamo to ensure no court case made it to the Supreme Court to rule on that. And the wording on rights is ambiguous. Some are "citizen". Others are "people". And still others are restrictions on Congress. The third, and possibly the second would apply to foreign non-citizens, while the first wouldn't.