After being purchased by Univision, Gawker.com will shut down next week. The site, which developed a toxic reputation for gratuitous violations of privacy and wacky left-wing politics will be no more.
In the post made by Gawker reporter J.K. Trotter, they announced the beginning of Univision’s plans, after the company made a winning bid for Gawker Media earlier this week.
“After nearly fourteen years of operation, Gawker.com will be shutting down next week” announced Trotter in the post.
Gawker, along with its founder Nick Denton, was forced into bankruptcy after it was sued by former wrestler Hulk Hogan for the release of his sex tape in 2012. The lawsuit was funded by Peter Thiel, the billionaire PayPal founder who Gawker once outed as gay.
In a post on their blog, Gawker said:
After nearly fourteen years of operation, Gawker.com will be shutting down next week. The decision to close Gawker comes days after Univision successfully bid $135 million for Gawker Media’s six other websites, and four months after the Silicon Valley billionaire Peter Thiel revealed his clandestine legal campaign against the company.
Nick Denton, the company’s outgoing CEO, informed current staffers of the site’s fate on Thursday afternoon, just hours before a bankruptcy court in Manhattan will decide whether to approve Univision’s bid for Gawker Media’s other assets. The near-term plans for Gawker.com’s coverage, as well as the site’s archives, have not yet been finalized.