Gawker.com is shutting down, with the news coming just two days after Univision Holdings Inc. won a bankruptcy auction to buy parent company Gawker Media LLC for $135 million US.
In a story posted Thursday on its website, Gawker.com says it will close next week after 14 years of operation.
Gawker.com said Nick Denton, the company's outgoing CEO, told staff of the site's fate on Thursday afternoon, prior to a bankruptcy court hearing in Manhattan to decide whether to approve U.S. Spanish-language broadcaster Univision's bid for Gawker Media's other assets, which include Gizmodo,Jezebel, Deadspin, Kotaku, Jalopnik and Lifehacker.
"The near-term plans for Gawker.com's coverage, as well as the site's archives, have not yet been finalized," Gawker.com said.
Gawker Media founder Nick Denton told staff at Gawker.com on Thursday that the site will be shutting down. (Steve Nesius/Associated Press)
Gawker Media sought bankruptcy in June after a court awarded a $140-million US judgment to former professional wrestler Hulk Hogan after he brought an invasion of privacy lawsuit over the publication of excerpts from a sex tape. Denton filed for personal bankruptcy earlier this month.
Gawker.com announces it is shutting down
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