Gawker files for bankruptcy and puts itself up for auction

[WhiteTara]

http://money.cnn.com/2016/06/10/media/gawker-media-bankruptcy/index.html

On Friday, the embattled media company said it had agreed to sell all seven of its brands and other assets to the tech publisher Ziff Davis.
The Ziff Davis bid -- worth $90 million to $100 million, according to sources -- sets the floor for the bankruptcy auction process.
"The bidding begins now -- so we will find out how much others will bid," a source with direct knowledge of the process said.
The Chapter 11 bankruptcy filing in Manhattan was motivated by the company's agonizing and all-consuming legal fight with Hulk Hogan -- a court battle that was secretly funded by Silicon Valley billionaire Peter Thiel.

[tonyt53]

1. Don't mess with Hulk Hogan. He WILL kick your ass, after he bangs your wife.

[WhiteTara]

2. If Peter Thiel doesn't first. nt

[Dr. Strange]

3. That's a damn shame.

[Renew Deal]

4. Will Hulk Hogan get his money?

[WhiteTara]

5. Maybe.