Gawker Sites Get Sold Off for a Second Time
Private equity firm Great Hill Partners has purchased Gizmodo Media Group and the Onion from Univision after the company bought the former Gawker Media in bankruptcy.
Private equity firm Great Hill Partners has purchased Gizmodo Media Group and the Onion from Univision after the company bought the former Gawker Media in bankruptcy.
PayPal co-founder and Trump ally Peter Thiel has sold the majority of his stake in Facebook and reportedly seeks to purchase the remains of Gawker.
Gizmodo Media, formerly known as Gawker Media, is reportedly planning a screening for employees only of a documentary about Hulk Hogan’s lawsuit against the company after parent company Univision blocked a public screening.
The founder of the now-defunct gossip blog Gawker is upset.
Writing in the New York Times, Peter Thiel stated that the humbling of Gawker is just the beginning of the battle for online privacy.
Posters calling for Gawker Media founder Nick Denton to be jailed have sprung up around New York City.
Gawker CEO Nick Denton sent out a memo to his staff today formally announcing his declaration of bankruptcy.
A Florida judge body slammed Gawker’s bids for a new trial and reduction of the massive $150 million judgement made in favor of Hulk Hogan.
Gawker has lost more than $150 million in value since January 2015, according to financial data released during wrestler Hulk Hogan’s successful lawsuit against the company.
Hulkamania has run wild on Gawker. After deliberating for less than four hours, a jury in Pinellas County, Florida, has just awarded the former WWE champ an eye-watering $115 million dollars over the gossip blog’s decision to publish his sex tape in 2012.