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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGawker files for bankruptcy and puts itself up for auction
http://money.cnn.com/2016/06/10/media/gawker-media-bankruptcy/index.htmlOn Friday, the embattled media company said it had agreed to sell all seven of its brands and other assets to the tech publisher Ziff Davis.
The Ziff Davis bid -- worth $90 million to $100 million, according to sources -- sets the floor for the bankruptcy auction process.
"The bidding begins now -- so we will find out how much others will bid," a source with direct knowledge of the process said.
The Chapter 11 bankruptcy filing in Manhattan was motivated by the company's agonizing and all-consuming legal fight with Hulk Hogan -- a court battle that was secretly funded by Silicon Valley billionaire Peter Thiel.
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Gawker files for bankruptcy and puts itself up for auction (Original Post)
WhiteTara
Jun 2016
OP
tonyt53
(5,737 posts)1. Don't mess with Hulk Hogan. He WILL kick your ass, after he bangs your wife.
WhiteTara
(29,704 posts)2. If Peter Thiel doesn't first. nt
Dr. Strange
(25,920 posts)3. That's a damn shame.
Renew Deal
(81,856 posts)4. Will Hulk Hogan get his money?
WhiteTara
(29,704 posts)5. Maybe.