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#1 2018-07-30 07:57:44

Registered: 2018-07-30
Posts: 1

181.5 Million In 2018, In line with PitchBook

Practically two years after a authorized battle with Hulk Hogan and Peter Thiel shuttered Gawker, the storied and snarky gossip blog has a brand new owner.

Rights to the defunct domain name, its social-media accounts, and its story archives will go to Bryan Goldberg, the founder of Bleacher Reporter and Bustle, a consultant for Goldberg confirmed.

Goldberg's $1.35 million bid gained in an auction held Thursday in Manhattan, in response to the new York Submit. Information of the winning bid was first reported by The Wall Street Journal.

Goldberg, 35, came onto the media scene in 2007 when he founded the sports activities weblog Bleacher Report. In 2012, he bought Bleacher Report to Time Warner for $175 million.

Two years later, he launched Bustle, a site geared toward millennial girls. Bustle Digital Group, which is enterprise-backed, was final valued at $181.5 million in 2017, in response to PitchBook.

Gawker shuttered after a legal battle with Hulk Hogan

The sale of comes two years after a legal battled pressured Gawker Media, the writer of Gawker and a network of other websites, to file for bankruptcy protection in June 2016. Gawker had misplaced a $140 million lawsuit in opposition to Hulk Hogan in a protracted legal battle funded by Peter Thiel, a venture capitalist and Fb board member.

The Observer reported earlier this week that Hogan is entitled to 45% of the sale worth as part of the Gawker Media bankruptcy settlement. At the reported sale value of $1.35 million, Hogan would take in about $607,000.

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