http://money.cnn.com/2016/06/10/media/gawker-media-bankruptcy/
>Gawker Media has filed for bankruptcy, and the bidding for its assets begins now.
>On Friday, the embattled media company said it had agreed to sell all seven of its brands and other assets to the tech publisher Ziff Davis.
>The Ziff Davis bid -- worth $90 million to $100 million, according to sources -- sets the floor for the bankruptcy auction process.
>"The bidding begins now -- so we will find out how much others will bid," a source with direct knowledge of the process said.
>The Chapter 11 bankruptcy filing in Manhattan was motivated by the company's agonizing and all-consuming legal fight with Hulk Hogan -- a court battle that was secretly funded by Silicon Valley billionaire Peter Thiel.
>Hulk Hogan, whose real name is Terry Bollea, also took to Twitter to respond to the news. It was the former professional wrestler's protracted legal battle against Gawker that motivated Friday's decision.
>"What a beautiful day, and the good doesn't prevent the better! In the present I AM always grateful, only good happens to me," he tweeted to his more than 1.5 million followers.
Why aren't we talking about this?
itshappening.gif
>>76866446
Because Gawker will be bought by another silicon valley queer and they'll post the same shit as usual with the only difference being they'll think twice before posting someone's sex tape.
>>76867354
But it's a step in the right direction, at least.
>>76866446
What the actual fuck makes the company worth a 90 million starting bid? What the hell kind of "assets" are they talking about? Who pockets that money? The owner of the company?
>>76866446
only if I was a billionaire I would buy Gawker and use the domain names for my interacial and cuck porn videos
>>76866446
only if I was a billionaire I would buy Gawker and use the domain names for my interracial and cuck porn videos
>>76867354
No, it won't. Nobody will buy it with a 140 million debt slapped onto it. They will at best sell some of the spinoff sites. Gawker the brand isn't viable.
>>76868383
Gawker regulars wouldn't even object to that.
>>76868663
oh thats right i keep forgetting that anyone who buys these also buys their debt
>>76866446
"When it comes crashing down and it hurts inside"
>>76866446
For generations now the American media has been some sneering Jew who's never met a black person and whose rich uncle bought him a newspaper.
The best possible result is simple destruction without replacement.
A guy at work last night that's a /v/irgin told me IGN is buying kotaku.
IGN is corrupt in that they take money and gifts from publishers in return for good game reviews and positive press, but they're nowhere near the liberal sjw agenda pushing bullshit that kotaku was.
>>76870036
IGN has made their Anita fluff piece here and there, but not as rampantly as Kotaku. The only difference with this new management and the old is we'll have less articles about pikachu's butt.
IGN's anime club on the other hand.
https://www.youtube.com/watch?v=A8JZYGlI2x0&feature=youtu.be
