Thiel’s role paying for the litigation against Gawker raised fears about the power of wealthy people to go after publications they dislike. Thiel was outed as gay by a Gawker-owned website in 2007. The case gained additional notoriety when it was revealed Silicon Valley billionaire Peter Thiel had secretly bankrolled Hogan’s lawsuit.
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Hogan, a former professional wrestler whose real name is Terry Bollea, sued over a tape posted by Gawker showing him having sex with a friend’s wife.
Gawker founder, Nick Denton, a former Financial Times journalist, also filed for personal bankruptcy.ĭenton said Tuesday that the sale to Univision means “our employees are protected and will continue their work under new ownership - disentangled from the legal campaign against the company.” Their breezy and often confrontational style has been influential in the publishing world.īut it filed for bankruptcy in June, about three months after Hogan won his lawsuit against the 14-year-old company. Gawker Media properties include its namesake site, the women-focused Jezebel, tech-oriented Gizmodo and sports site Deadspin. A judge must still approve the sale at a hearing Thursday. They were the only two bidders, according to a person familiar with the bankruptcy auction. Univision outbid Ziff Davis, the owner of tech and gaming sites, in the auction for Gawker Media.
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In April, it said it was taking full control of Fusion, a TV channel and website aimed at English-speaking young people it had launched with ABC in 2013. Univision is buying Gawker Media.The television network and web publisher reportedly placed a winning bid of 135 million to purchase Gawker, which declared bankruptcy after losing an invasion-of. Univision is paying $135 million for the online gossip and news publisher, according to a person familiar with the matter who asked not to be identified because the deal had not been formally announced.Įxpanding from its Spanish-language base, Univision has been investing in media properties aimed at young people, including taking a stake in satirical website The Onion in January. NEW YORK - Spanish-language broadcaster Univision won an auction Tuesday for Gawker Media, which was put on the block in the aftermath of a $140 million judgment against it in the Hulk Hogan invasion-of-privacy case. Spanish-language broadcaster Univision has bought Gawker Media in an auction for $135 million.(Photo by Evan Agostini/Invision/AP File) president and CEO, attends the 23rd Annual Broadcasting & Cable Hall of Fame Awards at the Waldorf-Astoria in New York. 28, 2013, file photo, Randy Falco, Univision Communications Inc.
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