NY Post

Report: Two Companies That May Be Interested in Buying Gawker Are Univision and Penske Media, Which Owns Variety and Deadline.com

May 27, 2016  •  Post A Comment

Two companies that may be interested in acquiring Gawker Media are Univision and Penske Media, reports our good friend Claire Atkinson in The New York Post.

Writes Atkinson, “Several media owners have been contacted about their potential interest [in Gawker Media], sources said.

“Meanwhile, at least one, Univision, exchanged e-mails about a potential ticket price, sources confirmed to The Post. Univision raised the prospect of an acquisition in the course of talks about creating Spanish-language versions of Gizmodo and Lifehacker, sources said.”

Gizmodo and Lifehacker are part of Gawker Media, as are Deadspin, Kotaku, Jalopnik, Jezebel and the flagship site, Gawker.com.

The Post story adds, “Jay Penske’s Penske Media [Corp.] and Vox Media are kicking the tires — looking over Gawker’s books, sources said.

“Gawker has hired Houlihan Lokey media banker Mark Patricof to explore a possible sale in the event owner Nick Denton loses his appeal of the $140 million judgment won earlier this year by Hulk Hogan.”

Penske Media owns Variety and Deadline.com, among other publications. Penske Media told Atkinson, “At this time PMC has only been contacted by Gawker’s banker.”

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