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.
Read more at broadcastingcable.com.
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