![]() The possibility that founder Nick Denton, who will leave the company, might hold on to domain and property is unlikely Denton is said to have a non-compete agreement with the media conglomerate. (At least one other lawsuit against Gawker, likely funded by Thiel, was filed four years after the original article was published.) If Univision excludes it from the sale, the site remains with Gawker Media, LLC, the corporate entity fighting Hogan in court. It might see holding on to the site not only a liability for its branding, but also a potential lawsuit target. Univision reportedly has until three days before the end of the month to decide whether or not to include in its acquisition. Its archive, as of now, will remain online. The precise terms of the Gawker shutdown are not yet known, and it’s not clear under what mechanism it will be shut down. ![]() The website’s future has been up in the air ever since the company’s bankruptcy and asset auction were announced, because is the particular website at the center of the Hulk Hogan trial - and the particular target of Facebook billionaire Peter Thiel, who was revealed earlier this year to be funding lawsuits against the company in pursuit of its destruction. , the legendary, pioneering gossip blog and flagship site of Gawker Media, will cease operations next week, following the purchase of the blog network at bankruptcy auction by Univision.
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