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[LiK]

http://www.recode.net/2016/8/16/12504008/univision-is-buying-gawker-media-for-135-million

Univision has won the auction for Gawker Media.

The TV network and digital publisher has agreed to pay $135 million for the bankrupt blog network, according to a person familiar with the deal.

Univision’s offer will encompass all seven of Gawker Media’s sites, including Gawker.com

Ziff Davis and Univision were the only two bidders for Gawker, which filed for bankruptcy after Hulk Hogan and Peter Thiel won a $140 million judgement in a privacy case. Ziff Davis had originally offered $90 million for Gawker Media.

The deal won’t be official for a bit. For starters, a US bankruptcy court judge needs to sign off on the transaction. When it is final, the funds will be set aside, while Gawker appeals its court case; eventually the money will go to the side that wins.

Whatever the result of the case, the auction is a disappointing conclusion for Gawker Media owner Nick Denton, who founded the company in 2002.

Last year, as rival media companies like Vice, BuzzFeed and Vox Media (which owns this site) were raising money at increasingly high valuations, Denton was arguing that his company was worth $250 million or more.

Well, at least it's not Ziff

 

[ekgrey]

I can honestly say that I didn't see that coming.

 

[Kaako]

Univision!? lol
Why yes, I expected this from a mile away...

 

[5taquitos]

Only two bidders seems like...not a lot?

Not too familiar with large company auctions though.

 

[wesleyshark]

Wow that.... Is unexpected lol

 

[malfcn]

 

[twinturbo2]

Wow that.... Is unexpected lol

Univision!? lol
Why yes, I expected this from a mile away...

Univision reportedly had their eyes on a Gawker buyout as early as last fall. I'm not surprised this happened.

 

[smashballTaz]

 

[StrongBlackVine]

So does this mean Univison has pay to Hogan now?

 

[Deku Tree]

That's cheap.

 

[GP_Socks]

Why?

 

[wesleyshark]

Univision reportedly had their eyes on a Gawker buyout as early as last fall. I'm not surprised this happened.

Interesting. First I've heard about Univision eyeing them up

 

[RoboPlato]

That is not the company I would have expected. Glad they found a buyer though. Lots of good people working there despite the shitty guys in charge.

 

[Azuran]

Kotaku now available in SAP

 

[darkside31337]

Nothing but soccer coverage allowed on deadspin now.

Not surprised there wasnt much bidding... considering the circumstances.

 

[Mozendo]

¡Qué Locura!

 

[dragonzdogma]

The revenge of Don Fransisco!

 

[Makonero]

cogida de prensa chivato

 

[Handyandy58]

This is probably one of the better outcomes they could have hoped for. Univision already has a semi-'edgy' outlet in Fusion, so it's clear they're not particularly concerned with playing nice. Hopefully this means all of the outlets, and Kotaku in particular, can continue business as usual, or at least as close to that as possible.

 

[wesleyshark]

That's cheap.

Surprised it even went that high.

 

[ScientificPizza]

I thought gawker was being sold piecemeal?

 

[mStudios]

Univison is horrible TV tho.

 

[BD1]

So does this mean Univison has pay to Hogan now?

Indirectly, yes. If he wins against the appeal.

 

[rhandino]

Univision? I can't say I expected this...

The price seems a little low tho

 

[Shao Kahn Brewing a Stew]

All this money is going to Hogan then.

 

[FelipeMGM]

Well, this is the day I learned my limitations within the spanish language.

I (kinda) tried but could not translate Press Sneak Fuck to spanish...

cogida de prensa chivato

thank you,

Spoiler

I think

 

[Deku Tree]

So does this mean Univison has pay to Hogan now?

Money is held by the courts until the appeals are exhausted.

 

[Rappy]

Are you serious right now? I don't think that joke works for something like Univision.

 

[Piston Hyundai]

"What's with all the King of Fighters coverage on Kotaku?"

 

[StrongBlackVine]

Indirectly, yes. If he wins against the appeal.

Good. I hope he wins.

 

[DecoReturns]

Off topic but I dislike the way Univision branched out showing Liga MX games. I used to be able to watch them all but now you need to pay more for their dedicated football channels. Small rant out of the way.

On to the topic itself. I wonder why Univision bought them.

 

[mreddie]

 

[True Fire]

Univision has a huge liberal bias. They'll get along just fine with Gawker.

 

[LOLCats]

Welp, that should kill my remaining monthly visits to kotaku

 

[smashballTaz]

Yeah I'm serious. Maybe cause I'm from the UK, but I'm not familiar with Univision. Is it a branch of Unilever? Becasue they own EVERYTHING.

 

[jediyoshi]

I suspect their audience is a tad bit larger than Gawker's.

 

[neoanarch]

Don't they own the Onion as well?

 

[HypnoDarkrai]

 

[JCX]

Wow, did not expect this, but I like Univision. This is solid news to me.

 

[BreezyLimbo]

Yeah I'm serious. Maybe cause I'm from the UK, but I'm not familiar with Univision. Is it a branch of Unilever? Becasue they own EVERYTHING.

Univision is one of the biggest, if not THE biggest Spanish Programming Broadcaster.

SI

 

[Deku Tree]

Univision has a huge liberal bias. They'll get along just fine with Gawker.

If anything Gawker will probably continue to be just like Gawker, or worse. And Hogan will probably still lose on the Federal appeal. But in the mean time they had to be sold because the court said so.

 

[Delusibeta]

Yeah I'm serious. Maybe cause I'm from the UK, but I'm not familiar with Univision. Is it a branch of Unilever? Becasue they own EVERYTHING.

No, they're an entirely separate US media company, best known for Spanish language television channels.

 

[Jarrod38]

I know someone who could have bought Gawker.

 

[Curufinwe]

Univision has a huge liberal bias. They'll get along just fine with Gawker.

Thanks for the warning, lol.

 

[Vice]

Off topic but I dislike the way Univision branched out showing Liga MX games. I used to be able to watch them all but now you need to pay more for their dedicated football channels. Small rant out of the way.

On to the topic itself. I wonder why Univision bought them.

They want a big slice of the millenial market. Gawker has a lot of sites that do well in that demo. In the past they hired a lot of Gawker staff for their own websites.

 

[jack....]

Don't they own the Onion as well?

They bought a big stake in January.

 

[RandomHopeInc]

Univison is horrible TV tho.

Clearly, you haven't watched all of their wonderful Telenovelas.

 

[dragonzdogma]

Univision has a huge liberal bias. They'll get along just fine with Gawker.

I think it has to do mostly with what Donal trump controversial statements about Mexicans.
Univsion has to keep Mexicans Happy.
Mexican viewers + Soccer + Univision = $$$

Also isn't Univison owned partially by Televisa (Mexican Television Network)

"What's with all the King of Fighters coverage on Kotaku?"

Gold, pure GOld

 

[cartographer]

Hopefully a good outcome for Press Sneak Fuck and many of the other writers on the various sites.

Restore io9 to its former glory, please. Becoming a Gizmodo vertical ruined it and the community.

 

[alfredofroylan]

Pronto el mundo temblará ante nosotros.