Although there will assuredly be more news stories to come of this in the following months, it appears as though the lawsuit of Bollea v. Gawker has reached its inevitable closure as Gawker announced that its website will be officially ceasing operations next week.
The assets of Gawker Media were sold at a bankruptcy auction earlier in the week to Univision to offset the price tag of $140 million being awarded to Hulk Hogan after filing his lawsuit for the release of his famed sex tape. Gawker’s website released a statement earlier today:
After nearly fourteen years of operation, Gawker.com will be shutting down next week. The decision to close Gawker comes days after Univision successfully bid $135 million for Gawker Media’s six other websites, and four months after the Silicon Valley billionaire Peter Thiel revealed his clandestine legal campaign against the company.
Nick Denton, the company’s outgoing CEO, informed current staffers of the site’s fate on Thursday afternoon, just hours before a bankruptcy court in Manhattan will decide whether to approve Univision’s bid for Gawker Media’s other assets. Staffers will soon be assigned to other editorial roles, either at one of the other six sites or elsewhere within Univision. Near-term plans for Gawker.com’s coverage, as well as the site’s archives, have not yet been finalized.
Hulk Hogan’s comments on the issue?
Like I said”I Slammed another Giant today Brother”. HH
— Hulk Hogan (@HulkHogan) August 16, 2016
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