![]() The site was valued at $100 million prior to the Hogan verdict.įorty-five percent of any sale proceeds will go to Hogan and the other 55 percent to equity owners including founder Nick Denton. Univision bought the sister websites of for $135 million in 2017– but the media giant didn’t want the gossip site because it was considered too toxic.Įxperts had expected the sale of to bring in at least $5 million. The sale still has to be approved by a Manhattan bankruptcy judge at a hearing scheduled for next week. Goldberg prevailed over the New York-based marketing firm Didit and another marketing company called Next Net Media. The gossip website Gawker – which was worth an estimated $100 million before former pro wrestler Hulk Hogan won a $140 million verdict against the company for publishing his unauthorized sex tape – was sold for just $1.35 million at auction Thursday.ĭigital entrepreneur Bryan Goldberg, who founded The Bleacher Report and owns Bustle, beat out two other bidders during an auction process that lasted under an hour, a source told The Post. Gawker begs readers to have an 'open mind and heart' in quiet relaunchįirebrand writer tapped to bring Gawker back from the dead Said Miami attorney Richard Wolfe: "It sounds to me that Hulk Hogan made a smart deal by getting the right guy to finance his lawsuit.News, gossip site Gawker shuts down - again!ĭeadspin owner G/O Media buys business news site Quartz In legal circles, attorney James Sammataro of Miami said people speculated how Hogan could afford such a large "dream team" of lawyers. After the National Enquirer published the story, the WWE pro wrestling company severed its ties with Hogan. During the trial, Gawker's parent company, a collection of websites called Gawker Media, was estimated to be worth $83 million.Įarlier this month, Hogan sued Gawker again, saying the website leaked sealed court documents containing a transcript that quoted him making racist remarks. ![]() Gawker is counting on the verdict to be overturned on appeal and has not said whether it can afford the full $140 million. Hogan said Clem betrayed him by secretly videotaping him. 15 hours ago &0183 &32 The man who boldly predicted that America would become a nation of renters and that the Federal Reserve forced the general public out of the housing market is back with more calculated claims that, upon further investigation, feel like more uncomfortable truth than the attention-grabbing headline. Hogan sued Gawker after it posted a 2007 video of him having sex with the wife of his best friend, Tampa radio personality Bubba The Love Sponge Clem. Those derogatory stories could have eroded the fortune Thiel was building in Facebook, where he remains a board member.ĭuring Wednesday's court proceedings, Gawker's attorneys asked the judge to allow them to seek evidence from the other side regarding Thiel's supposed involvement. Others believe Thiel may have been far more upset about Valleywag's stories mocking Facebook founder Mark Zuckerberg and questioning the social network's value before it went public in 2012. The attack spurred speculation that Thiel was still angry about a Valleywag report two years earlier about his sexuality. ![]() In a 2009 interview, Thiel called Valleywag "the Silicon Valley equivalent of al-Qaida" and said it relies on people who "should be described as terrorists, not as writers or reporters." Thiel has never hidden his contempt for Valleywag, a gossip site that Gawker periodically ran during the past decade to expose the secrets of Silicon Valley moguls, sometimes in salacious fashion. ![]() Gawker reacted to the reports by saying: "There are very serious questions about whether Hulk Hogan financially benefited, and this case is far from over." Hogan's lawyers wouldn't comment on the Thiel story but praised the judge for denying a new trial and accused Gawker of refusing to accept responsibility for "their reprehensible behavior and method of doing what they call journalism." Thiel, whose net worth is estimated by Forbes at $2.7 billion, didn't immediately respond to interview requests made through email or on the voicemail of a mobile phone number he previously provided to an Associated Press reporter. Gawker vows to take the case to an appeals court. On Wednesday, Hogan and Gawker were back in a Florida court, where Judge Pamela Campbell denied Gawker's request for a new trial and refused to reduce the damages. ![]()
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