Nick Denton, founder of Gawker, talks with his legal team before Terry Bollea, aka Hulk Hogan, testifies in court during his trial against Gawker Media in St. Petersburg, Fla., on March 8, 2016.
John Pendygraft—Getty Images
By Reuters
August 16, 2016

(NEW YORK) — Univision Holdings Inc won the bankruptcy auction for U.S. internet publisher Gawker Media LLC on Tuesday with a bid of $135 million, beating media company Ziff Davis LLC, according to people familiar with the matter.

The results of the auction will now go before a U.S. bankruptcy court judge for approval on Thursday.

The sources asked not to be identified because the outcome of the auction is not yet public. Univision, Ziff Davis and Gawker did not immediately respond to requests for comment.

(Reporting by Jessica DiNapoli in New York)

Contact us at editors@time.com.

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