11/30/2023 0 Comments New gawker site![]() ![]() If successful, Mr Lee said, he planned to use the site to raise money for readers' preferred charities.Ī group of former Gawker employees this week abandoned their effort to bid, one of the sources said. Kevin Lee, the co-founder and executive chairman of Didit, a marketing firm, said he also submitted a bid, without disclosing its value. The value of Thiel's bid could not be learned, though the sources said Gawker was only now worth a few million dollars. If Holden excludes Mr Thiel's bid, Mr Thiel could ask the judge to consider it if it is higher than rival offers. Holden will choose a winner as soon as this month, and then request approval for the deal from a US bankruptcy court judge, the sources told Reuters. Multiple bidders have submitted offers for the site, Mr Holden said. Gawker's bankruptcy plan administrator administrator Will Holden has tried to block Mr Thiel's bid, according to court papers. Normally a permanent resident has to spend more than 70 percent of their time in New Zealand over five years - more than 1300 days - before they can apply for citizenship. He was Facebook's first major investor and a co-founder of online payment service PayPal. Mr Thiel was granted New Zealand citizenship in 2011 despite only having spent 12 days in the country in the previous five years and having no intention of living here. Thiel has not said why he wants Gawker, though the potential acquisition would let him take down stories regarding his personal life that are still available on the website, and remove the scope for further litigation between him and Gawker. In 2007 Gawker published a story about Thiel's homosexuality. The former wrestler, whose real name is Terry Bollea, won a $US140 million judgment against the site, and later settled for $US31 million. Mr Thiel funded former professional wrestler Hulk Hogan's lawsuit against Gawker after the site published a sex tape featuring Hogan. Most of its assets, including its sister pages Deadspin, a sports site, and Jezebel, a feminist blog, were bought in 2016 for $US135 million by media company Univision Holdings Inc. He also says no one has been willing to take on continuing operation of in terms of prospective investors or media companies.Gawker, which has been inactive for more than a year, is conducting an auction of its remaining assets including its domain names and nearly 200,000 archived articles. ![]() ![]() He also confirms what many suspected, that he will also be departing after the sale to Univision closes. Update: Denton tells staff that archives will remain accessible even though Monday will be its last day of active posting. We could not have picked an acquirer more devoted to vibrant journalism. I am pleased that our employees are protected and will continue their work under new ownership - disentangled from the legal campaign against the company. Gawker Media Group has agreed this evening to sell our business and popular brands to Univision, one of America’s largest media companies that is rapidly assembling the leading digital media group for millennial and multicultural audiences. Univision plans to c ontinue operating the remaining websites, according to a new press release from the media company, which include Jezebel, Gizmodo, Deadspin, Lifehacker, Kotaku, io9 and Jalopnik, and Denton provided a statement to Recode following new of Univision’s successful bid which suggests they’ll continue operations: Univision’s offer for Gawker Media spanned all seven of its media properties, including. TechCrunch’s Kate Conger and Anthony Ha offered some cogent counterarguments. Financial support for that suit, among others against, was provided by Thiel, who defended his role in the legal proceedings in a New York Times’ editorial earlier this week. Gawker refused to take down the clip upon receiving a cease-and-desist form Hogan’s lawyer, which would ultimately result in the suit. In 2012, then editor A.J Daulerio published a short video clip of Hulk Hogan having sex with Heather Clem, the wife of a friend. It began life as an online gossip news publication focused on New York, but later widened its focus to the broader media industry and celebrity culture in general. Gawker was launched in 2002 by former Financial Times journalist Nick Denton, along with then-editor Elizabeth Spiers. Gawker founder Denton informed staff of the closure Thursday, but the site says plans for its archives “have not yet been finalized.” Univision’s bid still faces final approval from a New York bankruptcy court, but is worth $135 million. The closure of the site comes after Univision’s winning bid for the Gawker Media company, which was forced into bankruptcy following a successful lawsuit by Terry Bollea (Hulk Hogan) funded by Silicon Valley investor Peter Thiel. , pioneering web publication and the brainchild of Nick Denton, will be shut down as of next week, according to Gawker itself. ![]()
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