Univision wins Gawker auction with $135 million bid: sources
- Healthcare, tech stocks drive Wall Street higher
- Twitter (TWTR) Tops Q3 EPS by 4c; Announces Restructuring, Workforce Reduction
- Qualcomm (QCOM) to Acquire NXP Semi (NXPI) in $47B Deal
- Tesla (TSLA) Posts Q3 adj.-EPS of 71c
- Pre-Open Stock Movers 10/27: (PRQR) (OCN) (TWTR) Higher; (CYH) (GNC) (RNWK) Lower (more...)
People walk past a building that lists offices for Gawker Media in New York City, U.S., June 10, 2016. REUTERS/Brendan McDermid
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
(Reuters) - Univision Holdings Inc won the bankruptcy auction for U.S. internet publisher Gawker Media LLC on Tuesday with a bid of $135 million (103.58 million pounds), beating media company Ziff Davis LLC, according to people familiar with the matter.
The results of the auction will now go before a U.S. bankruptcy court judge for approval on Thursday.
The sources asked not to be identified because the outcome of the auction is not yet public. Univision, Ziff Davis and Gawker did not immediately respond to requests for comment.
(Reporting by Jessica DiNapoli in New York)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Russia's Putin says attempts to get Syria deal with Obama thwarted
- U.S. jobless claims fall; continuing claims lowest since 2000
- EU hits more Syrian military, Assad officials with sanctions
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!