Univision buys Gawker for $135 million: https://t.co/yGflavbFEqpic.twitter.com/8kKKPcD6wT
— New York Magazine (@NYMag) August 16, 2016
-Not clear on what it means for Gawker blogs like Gizmodo, Deadspin, and Jezebel
-Gawker used a Section 363 bankruptcy filing, which lets the company accept a bid that may not pay the most money, but will keep the good parts of the business. Meaning that they probably were able to strike a deal that preserves the company's editorial operation.
-Univision acquired The Root and The Onion over the past couple of years.
-Deal is still being finalized and pending the court's approval.
-The bidding floor was set by Publisher Ziff Davis at 90 million.
i'm glad somone bought it. fuck peter thiel.
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