Looks like Hulk Hogan's $140 million judgement against gawker media is actually going to have to be paid, and thus Gawker is filing bankruptcy and it looks like they'll be selling their assets to Ziff Davis. As such the properties will live on.
This includes Gizmodo, Lifehacker, Kotaku, Jalopnik, Deadspin, Jezebel and Gawker.
The agreement is binding, though that doesn't mean it's a slam dunk, I expect a bankruptcy judge would have to approve it. They're getting these properties for $100million, so I suppose Gawker has to come up with the other 40 million for the judgement, or perhaps come to an agreement for a lesser amount as part of the bankruptcy.
http://www.recode.net/2016/6/10/119...as-to-say-about-its-plans-to-buy-gawker-media
I don't use those sites regularly, but I have a friend that works there which is why I find it interesting.
This includes Gizmodo, Lifehacker, Kotaku, Jalopnik, Deadspin, Jezebel and Gawker.
The agreement is binding, though that doesn't mean it's a slam dunk, I expect a bankruptcy judge would have to approve it. They're getting these properties for $100million, so I suppose Gawker has to come up with the other 40 million for the judgement, or perhaps come to an agreement for a lesser amount as part of the bankruptcy.
http://www.recode.net/2016/6/10/119...as-to-say-about-its-plans-to-buy-gawker-media
I don't use those sites regularly, but I have a friend that works there which is why I find it interesting.
