Pierre Omidyar, the founder of eBay and the online news group First Look Media, has indicated he was willing to help Gawker’s defense. He was also an early investor in Facebook and has been active in venture investing in Silicon Valley. German-born Thiel was a founder of the online payments firm PayPal, and served as its CEO before it was sold to eBay. “It’s less about revenge and more about specific deterrence,” Thiel told The New York Times. Getty Images Goldberg tried to relaunch the site two years later under Carson Griffith, but. Thiel said last month he was working with lawyers to find and help “victims” of Gawker Media, whose Valleywag site in 2007 revealed he is homosexual. Wrestler Hulk Hogan put Gawker out of business when he won a 140 million judgment against the site. “The best defense against speech that you don’t like about yourself as a public figure is to develop a thick skin,” Bezos told a tech conference last month. Amazon founder Jeff Bezos, who also owns The Washington Post, said it was wrong for public figures like Thiel to seek revenge. The revelations on Thiel’s involvement last month provoked outrage by some in the media and Silicon Valley. “Our sites will thrive-under new ownership-and we’ll win in court.” “Even with his billions, Thiel will not silence our writers,” Denton said in a tweet. Media Shep Smith Is Seemingly Giddy That Gawker Could Go Out of Business Due to Hulk Hogan Lawsuit 'And that, some say, would be fantastic. Gawker founder Nick Denton appeared to dig in his heels in the feud with Thiel. “Gawker Media Group is putting its properties up for sale after a coordinated barrage of lawsuits intended to put the company out of business and deter its writers from offering critical coverage,” the statement said. The deal calls for acquisition of the website Gawker as well as other brands including Gizmodo, Deadspin and Lifehacker. A Gawker report said that Nick Denton, Gawker’s founder, told staffers Thursday that was shutting down next week. ![]() ![]() ![]() Much of the debt comes from the 140 million they owe Hulk Hogan. Their bankruptcy filings showed that their debts amount to somewhere between 100 million and 500 million, while their assets are between 50 million and 100 million. Ziff-Davis known for its PC Magazine among others, is part of the j2 Global digital media group. Gawker Media has filed for Chapter 11 bankruptcy, but that doesn’t mean they’re going away any time soon.
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