Univision buys Gawker Media for $135 million
“Over the past two years, Univision has been expanding its reach into English-language digital media companies, in preparation for a planned IPO that is expected to take place next year. It bought The Root, an African-American news site, in May 2015 and acquired a controlling stake in satirical news site The Onion in January. In April, it bought out Disney’s half of Fusion, an English-language cable network and digital media venture targeted at millennials.”
Univision will walk away with the prize
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