Gawker Media up for sale after $140 million Hulk Hogan lawsuit
Gawker Media is set to file for Chapter 11 bankruptcy after incurring a $140 million legal judgment in an invasion-of-privacy lawsuit by the former wrestler Hulk Hogan The company will begin an auction, according to an anonymous source, with Ziff Davis, a digital media company submitting an opening bid of $90 million to $100 million