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Gawker will shutter its flagship website next week Douglas Costa Jersey , after a court order to pay $140 million to retired wrestling star Hulk Hogan over a sex tape drove the company to bankruptcy.
The announcement on Thursday came two days after Spanish-language broadcast television network Univision made a winning bid of $135 million for Gawker's other assets.
Gawker founder Nick Denton broke the news to staff members on the same day that a bankruptcy court judge in Manhattan approved the Univision deal.
Those working at Gawker will be given jobs at the websites being sold to Univision or elsewhere in that company, according to the post.
Gawker Media websites include Deadspin, Lifehacker, Gizmodo, Kotaku, Jalopnik Daniele Rugani Jersey , and Jezebel, which are devoted to interests ranging from games and cars to sports, technology and women's empowerment.
Not included in the Univision deal is 14-year-old Gawker or Denton, who had hoped the bankruptcy auction would keep the website alive.
"Sadly, neither I nor Gawker, the buccaneering flagship of the group I built with my colleagues Cristiano Ronaldo Jersey , are coming along for this next stage," Denton said in a farewell message to employees posted online.
"We have not been able to find a single media company or investor willing also to take on Gawker. The campaign being mounted against its editorial ethos and former writers has made it too risky. I can understand the caution."
In a sign that Gawker might plan to go down swinging, a post there late Thursday invited people to send tips worth pursuing.
Univision confirmed the Gawker deal on Thursday, saying it will take over the six websites, which reach nearly 50 million readers monthly.
Gawker assets will be integrated into a Fusion Media Group division at Univision to join The Onion and other offerings aimed at young, diverse audiences it considers to be "the rising American mainstream."
"I expect the addition of these digital-first media assets will help FMG exceed the demands of the young Claudio Marchisio Jersey , cross-cultural influencers we serve," Univision Communications Inc. chief news, entertainment and digital officer Isaac Lee said in a release.
- Tech billionaire target -
In March, a US jury ordered that wrestling star Hogan be allowed to collect $140 million in total compensation after Gawker published a videotape of him having sex with a friend's wife.
Gawker filed for bankruptcy in June in an attempt to sidestep a shutdown from the judgment.
Denton earlier this month filed for personal bankruptcy protection in a bid to stop his assets from being seized because of the judgment.
The case drew heightened attention when tech billionaire Peter Thiel acknowledged that he had helped fund that and other litigation against Gawker, a company Thiel has feuded with for years since it "outed" him as gay.
"For my part, I am proud to have contributed financial support to his case Carlo Pinsoglio Jersey ," Thiel, who bankrolled the Hogan lawsuit, said in an op-ed piece in The New York Times this week.
"It is ridiculous to claim that journalism requires indiscriminate access to private people's sex lives."
Denton has slammed what he called a "personal vendetta" and said in a memo to staff that it was "disturbing to live in a world in which a billionaire can bully journalists because he didn't like the coverage."
While Gawker has come under fire for its no-holds-barred approach to celebrity coverage, the case raised questions about whether powerful interests can use their resources to silence media for unfavorable coverage.
German-born Thiel was a founder of the online payments firm PayPal, and served as its chief executive before it was sold to eBay. He was also an early investor in Facebook and has been active in venture investing in Silicon Valley.
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HANGZHOU, Oct. 16 (Xinhua) -- China's Internet conglomerate Alibaba announced Friday that it has made a non-binding all-cash offer to acquire the rest of the country's most popular online video streaming website Youku Tudou Inc.
Alibaba currently owns 18.3 percent of the outstanding shares of Youku after a strategic investment in April 2014. It said in a press release that it proposed to buy the rest for 26.6 U.S. dollars per American depositary share (ADS) in a 4.2-billion-U.S.-dollar deal.
The offer represents a 30 percent premium to Youku's closing price on Thursday when Youku's shares rose 4.88 percent to close at 20.43 U.S. dollars in New York.
Alibaba said it is making the proposal with the support of the founding shareholders of Youku Blaise Matuidi Jersey , including Victor Koo, Chengwei Capital and their affiliates.
Under the proposal, Youku's founder, Victor Koo, would continue to lead the business as chairman and chief executive officer.
Digital entertainment is core to Alibaba's strategy of promoting consumption of virtual goods and services.
""Digital products, especially video Benedikt Howedes Jersey , are just as important as physical goods in e-commerce, and Youku's high-quality video content will be a core component of Alibaba's digital product offering in the future,"" said Daniel Zhang, chief executive officer of Alibaba Group.
""A closer partnership with Youku will give us the opportunity to support Victor and his leadership team to fulfill the dream of building the leading digital entertainment platform in China,"" said Alibaba Group executive chairman Jack Ma.
Youku currently has more than 500 million active users.
After ambitious investments and acquisitions over the past few years, Alibaba Andrea Barzagli Jersey , which once mainly focused on e-commerce and digital payment, has entered an array of new businesses, like digital mapping, music, taxi hailing, group buying Alex Sandro Jersey , instant messaging and online tourism and learning.
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