![]() GMG is being advised by Mark Patricof of Houlihan Lokey.ĭuring the sale process, GMG will maintain normal operations, publishing news and opinion on technology, politics and other interests to its 6 million readers each weekday, and providing advertisers with access to this desirable audience.įor now that means Kotaku, Gizmodo, Deadspin, as well as other Gawker properties, even the flagship site itself, will continue to publish content for the foreseeable future. The sale will be conducted through a bankruptcy court supervised auction, in which other bidders may offer a higher price for the company. In order to offer the business free and clear of legal liabilities and maximize value for all stakeholders, GMG subsidiary GM LLC has filed for Chapter 11 protection from creditors. A combination would marry Ziff Davis’ strength in e-commerce, licensing and video with GMG’s premium media brands.” Nick Denton, GMG’s founder, said: “We are encouraged by the agreement with Ziff Davis, one of the most rigorously managed and profitable companies in digital media. ![]() NEW YORK - June 10, 2016 - Gawker Media Group (“GMG”) has entered into an asset purchase agreement to sell its seven media brands and other assets to Ziff Davis, a global digital media company which operates in the technology, gaming and lifestyle categories and is a subsidiary of j2 Global, Inc. ![]() Gawker Media has filed for Chapter 11, while announcing intentions to sell to Ziff Davis, or any higher bidder: ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |