Gawker Media sold to Univision in bankruptcy auction

Nick Denton founder of Gawker Media

Online news site Gawker Media has been sold to media firm Univision for $135m (£103m) in a bankruptcy auction.

The firm outbid media rival Ziff Davis to seal the deal, which still hinges on approval from a bankruptcy judge. The sale comes after Gawker filed for bankruptcy protection in June to avoid paying damages after it lost a $140m invasion of privacy lawsuit bought by former wrestler Hulk Hogan.


Gawker owner Nick Denton said he was "pleased" by the deal. "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," he said in a statement.