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Univision One of Two Bidders for Gawker: Report

UPDATE: Univision Wins Bidding for Gawker Media

Univision Communications is reportedly one of two bidders for Gawker, the online media company forced into bankruptcy after losing a lawsuit over posting a sex tape featuring wrestler Hulk Hogan.

Univision is trying to outbid Ziff Davis, which is offering $90 million, according to Bloomberg. A Univision spokesperson had no comment.

If Univision acquired Gawker, it would be the latest in a series of digital properties the TV company has bought. It acquired the humor site The Onion and The Root, a new site for African Americans.

Read more at broadcastingcable.com.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.