Univision Reportedly Buys Gawker at Auction for $135 Million
Going once, going twice … adjudicado! The online media network declared bankruptcy after it was successfully sued for $140 million by Hulk Hogan — secretly backed by tech billionaire Peter Thiel, who has since gone public about scores he wanted to settle with Gawker. Now Gawker and its subsidiary sites, which include Jezebel, Deadspin and Jalopnik, have been auctioned off to the Spanish-language network, which has been working on improving its digital portfolio. A U.S. bankruptcy court still has to approve the sale at a hearing later this week.