![]() Univision deleted many posts of the properties they acquired from Gawker, including posts from Gizmodo and women-oriented blog Jezebel, as they were tied to litigation. "It's less about revenge and more about specific deterrence," said Thiel in a May interview. In 2007 the website reported Thiel was homosexual, and Thiel acknowledged in May he was funding Hogan's case against Gawker due to the report, in the hope of driving Gawker out of business. Gawker was a controversial website that would feature no-holds-barred reporting on celebrities and important figures. The case against Gawker bankrupted the site and forced them to sell their assets to Univision Image: /Gawker ![]() ![]() is no longer active, but the archives still remain online. This case involves Gawker’s posting of an excerpt of a 30 minute sex tape of Hogan having sex with the wife of one of his friends on their website, which was sent to Gawker from an anonymous source in 2012. These sites are now being operated by Univision, a Spanish-language television network that bought assets in Gawker Media for $135 million in August. The Plaintiff is Hulk Hogan, a famous American wrestler and TV personality. The case bankrupted Gawker Media, which served as a parent company for other blogs as well, including sports blog Deadspin, video game blog Kotaku and technology blog Gizmodo. Photograph: Cameron Spencer/Getty Images The Observer Gawker Media This article is more. "We were confident the appeals court would reduce or eliminate the runaway Florida judgement." Wrestler Hulk Hogan is suing Gawker after it posted a sex tape of him and his best friend’s wife. "All-out war with Thiel would have cost too much, and hurt too many people, and there was no end in sight," Denton wrote. Gawker is appealing the case to Florida’s Second District Court of Appeal, but was forced to file for Chapter 11 to prevent Hogan from seizing the company’s assets to collect on the judgment. Gawker founder Nick Denton said in a blog post Wednesday that the group agreed to the settlement, due to monetary reinforcements from German-American PayPal founder Peter Thiel, who is backing Hogan. The settlement calls for Hogan, whose real name is Terry Bollea, to be paid the settlement and receive a share of assets that Gawker sold as a part of their bankruptcy process, according to New York bankruptcy court documents. On Twitter, Facebook, Google News, and Instagram.Gawker and Hulk Hogan reached a settlement reached a $31 million (28 million euros) settlement in a Florida court following a years-long invasion of privacy battle after Gawker released a video of Hulk Hogan having sex with a friend's wife. Gawker argued in the Hogan case that it was protected by the First Amendment.įollow HT Tech for the latest tech news and reviews, also keep up with us Petersburg, Florida, found that Gawker Media must pay 140 million in damages to the wrestler Hulk Hogan (real name Terry Bollea). Thiel's role paying for the litigation against Gawker raised fears about the power of wealthy people to go after publications they dislike. Thiel was outed as gay by a Gawker-owned website in 2007. CONSOR Intellectual Asset Management was founded over 25 years. The case gained additional notoriety when it was revealed Silicon Valley billionaire Peter Thiel had secretly bankrolled Hogan's lawsuit. CONSOR has been successful in more than 90 of the cases in which they are the testifying expert. Hogan, a former professional wrestler whose real name is Terry Bollea, sued over a tape posted by Gawker showing him having sex with a friend's wife. Gawker founder, Nick Denton, a former Financial Times journalist, also filed for personal bankruptcy.ĭenton said Tuesday that the sale to Univision means "our employees are protected and will continue their work under new ownership - disentangled from the legal campaign against the company." Their breezy and often confrontational style has been influential in the publishing world.īut it filed for bankruptcy in June, about three months after Hogan won his lawsuit against the 14-year-old company. Gawker Media properties include its namesake site, the women-focused Jezebel, tech-oriented Gizmodo and sports site Deadspin. A judge must still approve the sale at a hearing Thursday. A 2006 video of Hogan, real name Terry Bollea, was released by Gawker Media, owner of the celebrity and media-focused blog Gawker, in 2016. Hulk Hogan sued Gawker for 100 million for invasion of privacy for publicly releasing a sex tape that involved Hogan and his friends wife. They were the only two bidders, according to a person familiar with the bankruptcy auction. Univision outbid Ziff Davis, the owner of tech and gaming sites, in the auction for Gawker Media.
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