US website Recode says Gawker Media has been bought at auction this week by Spanish media and TV group Univision for US$135 million. The bankruptcy auction was held on Tuesday and attracted only two bids, Univision and Ziff Davis (which started with a low-ball bid of US$90 million).

Gawker filed for Chapter 11 bankruptcy protection after wrestler Hulk Hogan won a US$140 million verdict from an invasion-of-privacy lawsuit against Gawker for posting a sex tape of Hogan.