"It's less about revenge and more about specific deterrence," he told the New York Times. Thiel, who has a tumultuous history with the media corporation, said that Hogan's lawsuit was just one of the few that he was funding. Hogan's feud with Gawker took a new turn late last month, when PayPal co-founder Peter Thiel admitted to bankrolling Hogan's invasion of privacy lawsuit. It's time for Hulk Hogan to take responsibility for his own words, because the only person who got Hulk Hogan fired from the WWE is Hulk Hogan." "As we've said before and are happy to say again: Gawker did not leak the information. August 16, 2016: Univision Communications agrees to buy Gawker Media’s assets for 135 million after outbidding digital publisher Ziff Davis in a bankruptcy auction. Now Hulk Hogan is blaming Gawker for racist remarks he made on another sex tape, which Gawker never had," the media company said in a statement at the time. It was absurd enough that Hulk Hogan claimed $100 million for emotional distress and economic damage for a story about a sex life that he'd already made public. Hulk Hogan is a litigious celebrity abusing the court system to control his public image and media coverage.
When that information was made public, Hogan was fired by his employer, World Wrestling Entertainment. Then, in May, Hogan, whose real name is Terry Bollea, sued the media company again, this time for allegedly leaking a transcript in which he used a racial slur.
#Gawker media auction trial
Gawker's request for a new trial was denied, and the company is expected to appeal. In March, the media company was ordered to pay Hulk Hogan $140 million in damages for publishing a sex tape featuring the former wrestler. A combination would marry Ziff Davis' strength in e-commerce, licensing and video with GMG's premium media brands," Gawker Media founder Nick Denton said in a statement. "We are encouraged by the agreement with Ziff Davis, one of the most rigorously managed and profitable companies in digital media. Other bidders can still offer a higher price for Gawker Media, which will be sold in a bankruptcy court supervised auction, the press release states. Shortly after Gawker Media filed for Chapter 11 bankruptcy today, the media company announced that it had entered into an asset purchase agreement with Ziff Davis, a global digital media company that is a subsidiary of j2 Global, Inc.ĭuring the sale process, Gawker Media's seven media brands will continue with their usual operations, according to a press release.
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