Gawker for sale?


Gawker Media has hired an investment banker to explore strategic options including a potential sale, according to a person familiar with the matter, as the digital media company fights a costly legal battle with professional wrestler Hulk Hogan.

Mehr Behind-The-Scenes-Kontext: For Peter Thiel, revenge on Gawker may have been a dish best served cold.

Die New York Post hat angeblich erste Zahlen: „At least one unnamed party has already expressed interest with a deal valued at between $50 million and $70 million, sources said.“ (It's the NYPost, so, umm, Grain of Salt et al.)

[update] An Open Letter to Peter Thiel: „I understand that you give codenames from Tolkien for all your projects. What’s this one? (Let me guess: Mordor.)“