Well it would appear that the Hulk Hogan lawsuit was indeed the end of Gawker.com and with Univision purchasing the overarching company Gawker, I think it is safe to say that we all saw this coming. Now before everyone gets crazy, the website, www.Gawker.com, is the only one going away. The rest of the sites attached to Gawker will remain alive and well, although personally I wouldn't mind if a couple of those were to disappear either.
Gawker has been around for quite some time, but it would appear that when the judge decided on the $140.1 million that the founder knew that bankruptcy was the only out. He, Nick Denton, has stated that the new owners will be moving existing staff from Gawker onto other sites. I'm not sure if that means all or some, but at least it looks like there is somewhat of a safety net in place for most of the employees that had nothing to do with the Hulk Hogan case.