Like we expected, Univision Communications has won the bidding process for Gawker Media. The price tag for Nick Denton’s (former) empire was $135 million.
For what it’s worth, Denton seemed pleased with the decision.
“Gawker Media Group has agreed this evening to sell our business and popular brands to Univision, one of America’s largest media companies that is rapidly assembling the leading digital media group for millennial and multicultural audiences,” said Denton, in a statement. “I am pleased that our employees are protected and will continue their work under new ownership—disentangled from the legal campaign against the company.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in