17-08-2016 00:11 via feedproxy.google.com

Gawker is being sold to Univision for $135 million

Univision will buy Gawker Media for $135 million, Gawker confirmed to Business Insider, as first reported by Recode's Peter Kafka on Tuesday.
"I am pleased that our employees are protected and will continue their work under new ownership — disentangled from the legal campaign against the company," Gawker founder Nick Denton said in a statement. "We could not have picked an acquirer more devoted to vibrant journalism."
Univision's purchase of bankrupt Gawker follows a two-way bidd
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