At 135M Univision Wins Bid To Buy Gawker
Univision, the Spanish-language broadcast company, won the auction to buy Gawker Media yesterday, for an offer of $135 million. Univision will take over Gawker after outbidding the digital media company Ziff Davis, by $45 million, according to the Los Angeles Times. Gawker Media, whose network of websites pioneered the gossipy, confessional medium of blogging, declared bankruptcy last month, after the former professional wrestler Hulk Hogan won a $140 million invasion of privacy lawsuit against them....