As Gawker Media was floundering, destroyed by an invasion of privacy lawsuit by Hulk Hogan which was reportedly funded by a Silicon Valley darling Peter Thiel, blood was in the water. What would happened to the company and all it’s sites, employees, assets and millions of readers?
Gawker was sold at auction for $135 Million by Univision according to Recode.net the link to their story is here: http://www.recode.net/2016/8/16/12504008/univision-is-buying-gawker-media-for-135-million
Univision CEO Haim Saban is one savvy businessman who is not only supporting Hillary Clinton in her campaign for the President of The United States but he is also known for creating the Power Rangers. Yes the “Mighty Morphing Power Rangers!”
Haim Saban sees the importance of buying up media resources with a multicultural angle. Univision’s growing dominance and success is testament to Saban’s eye for future trends and chess moves that influence political policies.
As for Gawker founder Nick Denton, he will not be moving on with the company that he started in 2002. He has defiantly argued his former company’s policy even after it’s demise. Nick Denton firmly believes that Gawker was doing journalism instead of invading privacy in outing people as well as showing Hulk Hogan’s sex tryst.