Univision buys bankrupt Gawker for $135m
August 17, 2016
The sale comes after Gawker filed for bankruptcy protection in June to avoid paying damages when it lost a $140 million invasion of privacy lawsuit brought by Hulk Hogan after the site published a sex tape featuring the retired wrestling personality.
In a statement, Gawker owner Nick Denton said: “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.”