Nick Denton may sell his stake in Gawker to Univision

May26

by Sindy Cator on May 26, 2016 at 2:44 pm

Nick Denton is looking to sell his stake in Gawker, and may already have a buyer willing to spend between $50 and $70 million. The New York Post reports that Denton could sell his stake in Gawker media to Univision, which had expressed interest well before a Florida jury awarded Hulk Hogan $140 million in a defamation suit. Denton’s 68 percent stake in Gawker may have been worth roughly $170 million based on its $250 million valuation ahead of the trial. Sources claim Gawker’s value has dipped heavily since the verdict. Lawyers for Gawker said “we’ve always said we expect…