Gawker Media Files for Bankruptcy

Last month, the company lost a $140 million libel lawsuit to Hulk Hogan.


On Friday, Gawker Media filed for chapter 11 bankruptcy and announced it was putting itself up for auction. The development comes a month after the company lost a $140 million libel lawsuit against Hulk Hogan. Soon after, it was revealed that PayPal co-founder Peter Thiel has been secretly funding the lawsuit.

Below is a copy of Gawker’s petition for bankruptcy:

 

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