Gawker’s legal battle with Bollea began after the site published a short clip from a video that showed him having sex in 2012 and Bollea sued the site for invasion of privacy. “Staffers will soon be assigned to other editorial roles, either at one of the other six sites or elsewhere within Univision,” it said, adding that “near-term plans for ’s coverage, as well as the site’s archives, have not yet been finalized.” Some staffers will be reassigned to other roles within the company’s remaining properties, the statement said. Staffers learned about the decision Thursday afternoon, shortly before a bankruptcy court was expected to approve or deny Univision’s bid, according to Gawker’s statement. Publisher Ziff Davis had placed a bid of $90 million for the assets in June. On Tuesday, Univision won the auction to buy Gawker’s remaining assets for $135 million. The announcement closes a chapter in Gawker’s recent struggles following a long lawsuit by wrestler Terry Bollea, known as Hulk Hogan, which was funded in part by Silicon Valley billionaire Peter Thiel.Īfter a judge awarded Bollea $140 million in an invasion-of-privacy lawsuit, Gawker filed for Chapter 11 bankruptcy and put its properties up for auction last month. Gawker’s 14 years on the Internet will come to an end, the website announced Thursday.
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