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August 18, 2016

Gawker.com to End Operations Next Week

Univision bought six of the Gawker company websites for $135 milion (are you kidding me?).

But I guess Gawker is a damaged brand that Univision won't be continuing.

Gawker announces the end of business here.

After nearly fourteen years of operation, Gawker.com will be shutting down next week. The decision to close Gawker comes days after Univision successfully bid $135 million for Gawker Media’s six other websites, and four months after the Silicon Valley billionaire Peter Thiel revealed his clandestine legal campaign against the company.

Nick Denton, the company’s outgoing CEO, informed current staffers of the site’s fate on Thursday afternoon, just hours before a bankruptcy court in Manhattan will decide whether to approve Univision’s bid for Gawker Media’s other assets. The near-term plans for Gawker.com’s coverage, as well as the site’s archives, have not yet been finalized.

Yeah, whatever, Peter Thiel's such a bad guy.


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posted by Ace at 01:19 PM

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