===>: News site Gawker.com to shut down next week

Friday, 19 August 2016

News site Gawker.com to shut down next week

Nick Denton founded Gawker Media 14 years ago

The news site Gawker.com will shut down next week, just days after its parent company was purchased by Univision.

Gawker founder Nick Denton told staff on Thursday afternoon, a post on its website said. Media firm Univision agreed to buy Gawker Media for $135m (£103m) at a bankruptcy auction.

Gawker filed for bankruptcy after losing a $140m privacy lawsuit brought by former wrestler Hulk Hogan, paid for by Paypal co-founder Peter Thiel.

Mr Thiel funded Mr Hogan's case saying he wanted to curb the company's "bullying", after the site published an article that outed Mr Thield as gay.

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Founded 14 years ago, Gawker is known for its no-holds-bar approach to reporting, including breaking gossip stories on high-powered celebrities and business leaders.

Univision is most commonly known in the US as the country's biggest Spanish-language media company. It also owns a 40% stake in the satirical website The Onion.

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Edward Nyang'ali is a young Entrepreneur running a number of sites from his living room. He is an experienced SEO Consultant, Computer Engineer, Professional Blogger & an addicted Web Developer. He runs Chimbwara Company which offers Web Services, and Online Business Solutions to clients around the globe. Chimbwara Company was founded in 2008 and is currently the Country's First Registered company of Professional Bloggers. The company has introduced several new faces online and continues to motivate teenagers in Schools, colleges and Universities through workshops and seminars.