According to the Post, Columbus purchased a minority stake in Gawker for $100 million, however Politico says the amount was "far less."ĭisclosure: Nitasha Tiku is a former Gawker employee. Before the verdict in the Hogan trial, Denton sold a minority stake in the company to Columbus Nova Technology Partners. In April, Bloomberg reported that Univision was aiming for an IPO in the second half of the year that could raise as much as $1 billion. Dealbook spelled out the billionaire Libertarian's secretive legal machinations, but did not include comment on Thiel's pledge as a delegate for Donald Trump. Thiel told Dealbook that he had paid about $10 million to finance claims from the wrestler, whose real name is Terry Gene Bollea. NEW YORK (CBSNewYork/AP) - Spanish-language broadcaster Univision won an auction Tuesday for Gawker Media, which was put on the block in the aftermath of a 140 million judgment against it in the. Gawker filed for bankruptcy last month with an offer from media publisher Ziff Davis LLC to buy the company for 90 million, setting the floor for a court-supervised auction. Yesterday, Silicon Valley venture capitalist Peter Thiel, who sits on the board of Facebook and once served as CEO of PayPal, admitted that he has been financing lawsuits against Gawker with the hopes of crippling the media company. Univision has previously worked on Spanish-language sites for Variety and Atlantic City Labs. Another source close to the Univision side said that the only negotiations were over a Spanish-language version of verticals like Gizmodo and Lifehacker. Univision Holdings Inc has offered to acquire Gawker Media LLC, challenging a 90 million stalking horse bid from media company Ziff Davis LLC in the auction for the U.S.
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One source told BuzzFeed that Univision is actively pursuing how to expand its portfolio, but under recent conditions will not be bidding to buy Gawker, although the source did not rule out a bid in the future. who sued Gawker Media Group after Gawker posted a sex tape featuring the wrestler. The Post reported that one party had expressed interest in buying Gawker with a deal worth $50 million to $70 million and that Univision was one possible bidder. Bustle Digital Group CEO Bryan Goldberg paid 1.35 million for the Gawker name at a bankruptcy auction in 2018. Earlier today, the New York Post reported that Gawker founder Nick Denton was looking to sell after the media company was ordered to pay $140 million in damages to Hulk Hogan for posting portions of sex tape.
Univision is not among the bidders to buy Gawker, sources familiar with the deal told BuzzFeed News. Update: In August, 2016, Univision won the auction to buy Gawker Media with a $135 million bid.
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