News site Gawker to shut down next week

Media company Gawker says it will shut down its main site next week, just days after it was purchased by Univision.

In a statement on its website, Gawker founder Nick Denton said he had told staff on Thursday afternoon.

Earlier this week, media firm Univision agreed to buy Gawker for $135m (£103m) at a bankruptcy auction.

Gawker filed for bankruptcy after losing a $140m privacy lawsuit brought by former wrestler Hulk Hogan, paid for by Paypal co-founder Peter Thiel.

The company said plans for future coverage and the Gawker.com website’s archives had not yet been finalised.