Univision has agreed to pay $135 million for Gawker Media, owner and founder Nick Denton confirmed Tuesday.
"I am pleased that our employees are protected and will continue their work under new ownership — disentangled from the legal campaign against the company," Denton said in a statement. "We could not have picked an acquirer more devoted to vibrant journalism." The company filed for bankruptcy protection earlier this year after Hulk Hogan was awarded $140 million as part of an invasion of privacy case against Gawker Media and several employees.
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