![]() ![]() ![]() All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. The founder and CEO of the online media company Gawker on Monday filed for personal bankruptcy protection, listing Terry Bollea, aka the former professional wrestler Hogan, as his largest creditor. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Gawker Media filed for Chapter 11 bankruptcy protection Friday amid a years-long legal battle with former professional wrestler Hulk Hogan. Gawker Media filed for bankruptcy today, according to documents filed in a Southern District of New York court. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. On Friday, a judge ruled that a 140 million judgment against Gawker Media will stand. Hulk Hogan (center), whose real name is Terry Bollea, huddles with his legal team as he appears in May 25.NEW YORK (AP) Gawker is filing for bankruptcy protection and will sell itself rather than pay 140 million to pro wrestler Hulk Hogan. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Gawker founder Nick Denton said in a statement that Ziff Davis' e-commerce, licensing and video assets would be a good fit with Gawker's websites, which include tech site Gizmodo, sports site Deadpsin, video-game site Kotaku, celebrity and women-focused site Jezebel, news and gossip site Gawker, car-site Jalopnik and self-help site Lifehacker.Most stock quote data provided by BATS. ![]() In the filing, Hogan, whose real name is Terry Bollea, was listed as Gawker's biggest creditor. ![]() Another Gawker site, Valleywag, ran a number of stories skewering Facebook, which provided a big chunk of Thiel's estimated $2.7 billion fortune.Ī spokesman for Thiel said he had no comment on Friday. Thiel, who co-founded PayPal and was an early investor in Facebook, has been a frequent target of Gawker writers, who have written unflattering pieces about Thiel's political beliefs and utopian goals. It was later revealed that billionaire tech investor Peter Thiel had been secretly funding Hogan's lawsuit. Hogan was awarded $115 million in compensatory damages plus an added $25.1 million in punitive damages. usbased gawker media which is fighting a legal battle against wrestler hulk hogan filed for bankruptcy on friday hogan backed by paypal cofounder peter. Hogan sued Gawker after it posted a video of him having sex with a friend's wife. The New York company said in the filing that it has as much as $500 million in debt and up to $100 million in assets. In the wake of its recent legal defeat at the hands of a billionaire-backed former pro wrestler, beleaguered news company Gawker Media on Friday filed for bankruptcy protection in New York. The sale will be conducted through bankruptcy court so other bidders could emerge. Gawker filed for Chapter 11 bankruptcy protection, about three months after Hogan won a lawsuit against the online gossip and news publisher. The company says it plans to sell itself to publishing company Ziff Davis. NEW YORK (AP) - Gawker is filing for bankruptcy protection and will sell itself rather than pay $140 million to pro wrestler Hulk Hogan. ![]()
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