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Univision Buys Bankrupt Gawker Media for $135 Million

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"I am pleased that our employees are protected and will continue their work under new ownership."

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Gawker Media has a new owner: Univision.

The American Spanish TV network has agreed to pay $135 million for the bankrupt news blog, according to a report from technology site Recode. The offer will include all of Gawker Media's seven sites, including the well-known Gawker.com.

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