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Gawker.com Is Shutting Down After Sale To Univision

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The end of Gawker.com is near.

The 14-year-old website will shut down next week, according to a post on Gawker.com.

Univision Holdings Inc won a bankruptcy auction on Tuesday to acquire U.S. internet publisher Gawker Media LLC for $135 million, outbidding media company Ziff Davis LLC, which had made an initial offer of $90 million.

Gawker founder Nick Denton told staff about the shuttering of the website on Thursday, according to Gawker.com.

Univision’s acquisition still has to be approved by U.S. Bankruptcy Court Judge Stuart M. Bernstein at a hearing Thursday afternoon.

About Jary Zaidi

Young Entrepreneur. Writer. Startup Advisor. UFOlogist. Founder GameTraders USA. Director The Potent (Canadian Digital Lifestyle Magazine). Listed Top 100 Young Entrepreneur Experts (12). Ambassador @ INARA (International Network for Aid, Relief & Assistance).

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