to shut down next week

August 18, 2016 21:14

US internet publisher Gawker Media Group said on Thursday that it would shut down next week, ending the online news and gossip website's 14-year run.

The decision comes two days after Israeli mogul Haim Saban's Univision Holdings Inc won a bankruptcy auction to acquire Gawker for $135 million, outbidding media company Ziff Davis LLC.

Univision's winning bid for Gawker will go before a US bankruptcy judge later in the day.

Gawker - which also operates popular women's website Jezebel, tech blog Gizmodo and gaming website Kotaku - said near-term plans for the website's coverage and archives have not yet been finalized.

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