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Spanish-language TV network Univision emerged as the winning bidder in a bankruptcy auction for Gawker Media today.
"We could not have picked an acquirer more devoted to vibrant journalism," said Gawker founder Nick Denton in a statement Tuesday evening. "I am pleased that our employees are protected and will continue their work under new ownership—disentangled from the legal campaign against the company."
For its part, Univision is waiting for the bankruptcy court to finalize the order before confirming the sale.
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