Univision sells Gawker assets, offloading English-speaking media

Private-equity firm Great Hill Partners has agreed to acquire Gizmodo Media Group from Univision Communications Inc.

According to a joint statement from both companies, the deal allows Univision — the New York-based Spanish-language broadcaster — to offload the English-language digital media assets it purchased from Gawker.

Terms of the transaction were not disclosed.

The Gawker assets were previously sold to Univision in 2016 for $135 million.

James Spanfeller, the newly named chief executive…

from Fort Lauderdale Real Estate News & Residential Real Estate News – Residential Real Estate News Headlines | Bizjournals.com & Banking & Financial News – Banking & Financial News Headlines | Bizjournals.com http://feeds.bizjournals.com/~r/industry_2/~3/8bUXDSlRRxw/univision-sells-gawker-assets-offloading-english.html

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