Gawker Media To Close Next Week

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Gawker Media Group will be ending its 14-year run next week when the U.S. internet publisher closes down

The company was up for grabs in a bankruptcy auction and Univision Holdings Inc. has acquired the company for $135 million.

This winning bid will go before a U.S. bankruptcy judge later in the day.

It was just this June that Gawker sought bankruptcy when the company faced a $140 million court judgment after it lost to Hulk
Hogan, whose real name is Terry Bollea, over an invasion of privacy lawsuit regarding the publication of excerpts from a sex tape.

Back in 2012, Gawker had published a one-minute, 41-second edited video that featured Hogan having sex with the wife of radio “shock jock” personality Bubba the Love Sponge, who used to be his best friend.

Billionaire Peter Thiel funded Hogan’s lawsuit, after he held his own bitterness towards the company when they published an article about his homosexuality back in 2007.