The company itself revealed the news Thursday (Aug. 18), just days after Univision agreed to buy Gawker Media for $135 million. In addition to Gawker.com, Gawker Media also owns six other websites, such as Jezebel, Gizmodo and Deadspin, among others.
The Univision sale was approved by a judge presiding over the Gawker Media bankruptcy. Shortly after, Gawker founder Nick Denton sent a memo to staff addressing both the acquisition and the plan to shutter Gawker.com.
"Sadly, neither I nor Gawker.com, the buccaneering flagship of the group I built with my colleagues, are coming along for this next stage," Denton said. "Desirable though the other properties are, we have not been able to find a single media company or investor willing also to take on Gawker.com."
He went on to say the website had been "mothballed, until the smoke clears and a new owner can be found."
"Gawker.com may, like Spy Magazine in its day, have a second act," Denton added, before saying it "will live on in legend."
Gawker Media was forced into bankruptcy after losing a privacy lawsuit to Hulk Hogan, who was awarded a $140 million judgement. The lawsuit was financed by Silicon Valley billionaire Peter Thiel, who was seeking revenge over past coverage the site published about him.
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