Gawker Media’s Sale to Univision Approved as Flagship Closes

  • Media company went bankrupt after losing Hogan sex-tape case
  • Univision’s UniModa has agreed to keep 95% of company staff

Nick Denton

Photographer: Fred Lee/ABC via Getty Images

A bankruptcy judge approved Gawker Media LLC ’s $135 million asset sale to a unit of Univision Communications Inc. under a deal that will allow most employees to keep their jobs while cutting loose the online media company’s founder, Nick Denton.

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