P ublisher Ziff Davis has made a "firm" bid to buy Gawker Media, in its entirety, for " less than $100 million," Recode reports. Its other websites were unaffected, and continued to be run by Univision. 4 5 On August 18, 2016, Gawker Media announced that its namesake blog would be ceasing operations the following week. That day, after a nearly-14-year-long run, Gawker shuts down. On a depressing Monday afternoon, Gawker founder Nick Denton publishes, How Things Work, the last blog post that Gawker will ever publish. The end came thanks to an invasion of privacy lawsuit secretly funded by the tech mogul. On June 10, 2016, Gawker filed for bankruptcy after being ordered to pay Hogan 140 million in damages. Gawker Media’s president of advertising and partnerships Andrew Gorenstein is resigning amidst a reorganization of the business side of the company, POLITICO Media has learned. When did Gawker close Trotter announces the upsetting news: is ending its operations. "I saw Gawker pioneer a unique and incredibly damaging way of getting attention by bullying people even when there was no connection with the public interest," Thiel, whom Gawker reportedly outed as gay in 2007, told The New York Times.ĭenton has said that he is confident that Gawker will prevail on appeal, but in the meantime, his company is up for auction. The opportunity to buy it came after the crash of its parent company, Mr. A Gawker report said that Nick Denton, Gawker’s founder, told staffers Thursday that was shutting down next week. According to Buzzfeed, Thiel the Silicon Valley billionaire who bankrolled Hulk Hogan’s bankruptcy-inducing lawsuit against Gawker, which result in the website’s demise is looking to purchase. Our sites will thrive - under new ownership - and we'll win in court," Denton said in a tweet.įorbes broke the news in late May that billionaire Silicon Valley investor Peter Thiel had secretly financed Hogan's lawsuit and others against Gawker Media in an effort to put the website out of business. "Even with his billions, Thiel will not silence our writers. Bankruptcy allows Gawker to avoid having its assets seized while it continues to appeal. In March, Hogan was awarded $140 million in damages stemming from a Gawker article published in 2012, which included a clip of Hogan having sex along with commentary.
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