Shutting Down Next Week

GAWKER will be closing up shop next week, nearly 14 years after its launch and following its bankruptcy filing last month.

The company itself revealed the news Thursday (Aug. 18), just days after Univision agreed to buy Gawker Media for $135 million. In addition to, Gawker Media also owns six other websites, such as Jezebel, Gizmodo and Deadspin, among others.

The Univision sale was approved by a judge presiding over the Gawker Media bankruptcy. Shortly after, Gawker founder Nick Denton sent a memo to staff addressing both the acquisition and the plan to shutter

"Sadly, neither I nor, the buccaneering flagship of the group I built with my colleagues, are coming along for this next stage," Denton said. "Desirable though the other properties are, we have not been able to find a single media company or investor willing also to take on"

He went on to say the website had been "mothballed, until the smoke clears and a new owner can be found."

" may, like Spy Magazine in its day, have a second act," Denton added, before saying it "will live on in legend."

Gawker Media was forced into bankruptcy after losing a privacy lawsuit to Hulk Hogan, who was awarded a $140 million judgement. The lawsuit was financed by Silicon Valley billionaire Peter Thiel, who was seeking revenge over past coverage the site published about him.