Gawker Founder Looking to Sell After Losing Hogan Judgment

Posted Thursday, May 26, 2016 10:30 am

Claire Atkinson | New York Post

Gawker Media founder Nick Denton has begun quietly soliciting bids for the sale of his company, The Post has learned.

Denton hired Houlihan Lokey media banker Mark Patricof to advise him on the valuation of the cash-hungry company in the event that he needs to sell it to pay damages to Hulk Hogan, who was awarded $140 million by a Florida jury after Gawker posted a sex video of the wrestling legend, sources said.

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Gawker Founder Looking to Sell After Losing Hogan Judgment

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