Nick Denton is keeping his head held high after filing for bankruptcy.
On Friday, word got out that the Gawker Media founder declared Chapter 11 after being ordered to shell out $140 MILLION to Hulk Hogan over that sex tape lawsuit.
And in order to keep his company afloat, the 49-year-old is supposedly auctioning off his business, and digital media company Ziff Davis is said to have entered an opening bid between $90 and $100 million.
Related: Hulk Files ANOTHER Suit Against Gawker!
But despite the money issues, the UK native is adamant that his sites will survive!
He took to Twitter to respond to Gawker's bankruptcy, and also SLAM billionaire Peter Thiel for starting his own war with the webpage, posting:
Looks like the media giant isn't going to just give up!
What do U think of Nick's response?! SOUND OFF in the comments!
[Image via AP Images.]
Tags: business blitz, controversy, gawker, gawker media, hulk hogan, lawsuit, legal matters, media minute, nick denton, peter thiel, sex tape, twitter, ziff davis