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Univision Finally Finds Buyer for Gizmodo Media Group

Y2kTheNewOldies

Y2kTheNewOldies

https://www.hollywoodreporter.com/n...uyer-gizmodo-media-group-publications-1200068

Gizmodo is going to Great Hill Partners.

The Hispanic-language giant is selling the brands, acquired from Gawker Media, to Great Hill Partners.
In July 2018, Univision announced plans to explore a sale of the digital media publications it had acquired from Gawker Media and renamed the Gizmodo Media Group. Some nine months later, the company announced Monday that private equity firm Great Hill Partners will buy the digital media group and The Onion, which Univision had also acquired.

The sale price was not disclosed. Univision originally acquired the former Gawker Media publications for $135 million in August 2016, a deal that was seen as a bargain at the time but would be considered less so today.
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