Gawker Files for Chapter 11 Bankruptcy

RSS
Follow by Email
Facebook
Facebook
Twitter
Visit Us
LinkedIn

Peter Thiel is getting closer to his goal: Gawker Media has filed for bankruptcy protection and says it eventually plans to find a new owner for the company.

Gawker and owner Nick Denton are making the Chapter 11 filing today, in order to avoid paying Thiel and Hulk Hogan the $140 million judgement they won in Hogan’s privacy trial earlier this year.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *