The bankrupt Nick Denton company also is proposing that two-thirds of Univision’s $135 million be allocated to its Hungarian affiliate.
If there’s to ever be a rebirth for Gawker.com, it won’t happen through Univision.
On Friday, it was revealed in bankruptcy papers that the sale of various Gawker Media properties to Univision for $135 million didn’t include the domain name and content of the company’s flagship website. The debtors are now seeking confirmation for a liquidation plan that includes the sale of Gawker.com upon the expiration of a non-compete with Univision.
Hundreds of pages have been filed in connection with this liquidation plan, which contemplates how to distribute the Univ…
Read the full article at: http://www.hollywoodreporter.com/thr-esq/gawkercom-be-liquidated-being-excluded-934614
