Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
June 10, 2016 10:28 am PDT

Gawker files for bankruptcy, will sell itself after $140 million Hulk Hogan lawsuit judgement

Gawker founder Nick Denton talks with his legal team before Hulk Hogan testifies in court, St Petersburg, Florida March 8, 2016.

Gawker Media was crushed by the $140 million legal judgment in Hulk Hogan's invasion-of-privacy lawsuit, which we now know was financed by a bitter, resentful Peter Thiel. Nick Denton's gossip news site Gawker.com published a sex tape featuring former wrestler Hulk Hogan. Now, the publishing company is now putting itself up for sale, reports the New York Times, citing an anonymous source. Gawker Media Inc. filed for Chapter 11 bankruptcy on Friday after a judge overseeing the suit against the company entered the full judgment and denied Gawkers request for a stay under terms the company could meet.

(more…)


Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/GCDLJuZVNz0/gawker-files-for-bankruptcy-w.html

Share this article:    Share on Facebook
View Full Article