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The 14-year-old website will close shop as Univision picks up's sister sites.

Gawker Media said Thursday it will shut down operations of, a gossip-driven website that has operated for almost 14 years, next week. The announcement was made in a blog post from the company.

After selling its assets -- but not itself -- to Univision for $135 million as part of a court-mandated auction, CEO and founder, Nick Denton, reportedly told staff members that they'll take on other roles within the organization, either with one of Gawker Media's six other sites or within Univision, including Lifehacker and Gizmodo.

The move comes in the wake of PayPal co-founder Peter Thiel's successful campaign against Denton and Thiel paid for the court case that eventually led to Gawker's demise, citing Gawker's "unique and incredibly damaging way of getting attention by bullying people" as his motive for "fighting back." Gawker outed Thiel as gay in 2007.

Denton and Univision did not immediately respond to a request for comment.