The buck stops here -- at least as far as going beyond a divorce is concerned.
[Image via FayesVision/WENN.]
Nick Denton is keeping his head held high after filing for bankruptcy.
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.
But despite the money issues, the UK native is adamant that his sites will survive!
We can't say we're surprised.
On Friday, it was revealed that Gawker Media has filed for Chapter 11 bankruptcy following their devastating loss against Hulk Hogan in his invasion-of-privacy lawsuit. Oh man.
As you may recall, the wrestler was awarded $140 million dollars from a Florida judge after he sued the media site for releasing snippets from his sex tape. The company, founded by Nick Denton, claims they only have
On Thursday, Gawker Media founder Nick Denton took to his site to SLAM his newly revealed nemesis, who is the tech billionaire Peter Thiel, for bankrolling lawsuits against the digital news operation. Oh snap!
As you may know, this beef all started when Thiel gave an interview to the New York Times and accused the media site of outing him as gay and causing pain to several of his dear friends. Obviously, Denton was not thrilled about this — especially since this bit of legal drama comes not long after Hulk Hogan's major victory over Gawker.
In his open letter, Denton wrote:
Hulk Hogan wins again!
On Wednesday, a judge upheld the wrestler's legal victory against Gawker in that sex tape lawsuit. For those who may not remember, a jury ruled that the 62-year-old would receive $115 million from the gossip site, as well as another $25 million in punitive damages, for a grand total of $140 million.
The webpage's founder, Nick Denton, had filed a motion to try and get the celeb's winnings reduced, or just have the jury's verdict thrown out altogether, and get a new trial ordered.
However, Florida Circuit Judge Pamela Campbell decided the TV personality's winnings would not be touched, and shot down Gawker's request for a new trial.
But the fight's not over yet.
Now that the magistrate has officially settled how much the site owes Mr. Hogan, the case will move on to the appeal stage, since Nick is battling the celeb's big victory.
What do U think about all this, Perezcious readers? SOUND OFF in the comments!
[Image via DJDM/WENN.]
Hulk Hogan is at it again.
In case you forgot, the WWE athlete (born Terry Bollea) was awarded with $140 million in damages after the 62-year-old sued Gawker Media for violating his privacy when they posted a sex tape of himself sleeping with his former best friend's wife.
Now, weeks later, the 62-year-old is filing yet another lawsuit against the gossip site and others for allegedly leaking sealed court documents to the National Enquirer where he is heard making racists remarks.
Yeah, those comments about his daughter's boyfriend where he says:
Our hearts are just breaking!
As a longtime industry vet, we can only imagine that Chyna's loss is felt across Hollywood. In fact, many in Tinseltown have since taken to Twitter and Instagram to pay tribute to the late athlete — including Hulk Hogan, Jerry O'Connell, Alyssa Milano, and many more.
Check out their reactions (below).