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Gawker Founder Nick Denton Says His 'Sites Will Thrive' Amid Bankruptcy!

Nick breaks his silence!

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:

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Gawker Founder Claps Back At Peter Thiel's Secret War Against The Company — Says He's A 'Thin-Skinned Billionaire'

nick denton open letter

Dramaaa!

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.

Related: Florida Judge Upholds Hulk Hogan's $140 Million Victory Against Gawker

In his open letter, Denton wrote:

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Hulk Hogan Files ANOTHER Lawsuit Against Gawker For Allegedly Leaking His Racial Slurs — And The Media Company Fights Back With This Response!

Hulk Hogan

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.

Related: Gawker Founder Has NO REGRETS About Posting Hulk's Sex Tape!

Yeah, those comments about his daughter's boyfriend where he says:

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Juror Reveals Watching The Hulk Hogan Sex Tape Was A 'Game Changer' When Ruling AGAINST Gawker — Oof!

Filed under: Legal MattersHulk HoganSexCrazzzzy

hulk hogan lawsuit juror speaks

It seems like Gawker Media never stood a chance in their legal battle with Hulk Hogan.

On Wednesday, a juror from the case opened up about why exactly the jury laid down such harsh compensatory AND punitive damages to the controversial site.

In case you forgot, the WWE athlete (born Terry Bollea) was awarded with $140 million in damages after the 62-year-old sued the scandalized website for violating his privacy when they posted a sex tape of himself sleeping with his former best friend's wife.

Related: Gawker Founder Writes Lengthy Rebuttal To Hulk's Victory

Juror Salina Stevens dished that it was after the group viewed the sex tape that they decided Gawker would have to pay a staggering amount. In fact, Miz Stevens said that once she and her peers realized Terry was filmed without his knowledge they sided with him.

She noted:

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Hulk Hogan Opens Up About His 'Overwhelming' Win Against Gawker In Invasion Of Privacy Lawsuit

Filed under: Legal MattersHulk HoganSad SadSex

hulk hogan abc news

Hulk Hogan has won big in his lawsuit against Gawker Media… but that doesn't mean he isn't overwhelmed by it all.

In his first interview since winning his lengthy legal battle against the controversial website, the WWE athlete (born Terry Bollea) explained how he was overcome with emotion when the final verdict was read.

Related: Gawker Founder Writes A Lengthy Rebuttal To Hulk's Victory

In case you forgot, Hogan was awarded with $140 million in compensatory and punitive damages after the 62-year-old sued Gawker for posting a video in 2012 that featured him having sex with his former best friend's wife. Yikes!

While talking to ABC News' Linzie Janis, he shared:

"[Gawker] was hoping that, financially, I wouldn't be able to stay in the game with them, and I'd quit or tap out or something. I felt like I had this monster on my shoulders no matter where I went."

Poor thing! The former wrestler even talked about breaking down in the courtroom saying:

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The Verdict Is In — Jury Rules In Favor Of Hulk Hogan & Says YES To Punitive Damages!

hulk hogan punitive damages

And that's a wrap!

As we reported, Hulk Hogan was awarded $115 million after the jury ruled in favor against Gawker Media, who the the WWE athlete had sued for posting a video in 2012 that featured him having sex with his former best friend's wife. Oh man!

Related: Hulk's Sex Tape Partner Was Unaware She Was Being Filmed

Of course, that initial ruling was only for the compensatory damages that the media site inflicted when they published the seXXX tape without even giving the reality TV star a heads up. On Monday, the jury heard the plaintiff and the defendant's lawyers go head to head over whether or not Gawker should have to pay punitive damages too.

In case you forgot, punitive damages are meant to punish defendants like Nick Denton's scandalized site and to deter future lawbreakers from making a habit of the bad behavior. Hulk (born Terry Bollea)'s legal team pitched during closing arguments that the jury can "make a statement" with their decision.

However, the controversial site's defense noted that the company is only worth

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More Bad News For Gawker — Hulk Hogan's Punitive Damages Award Could Bring Him Nearly Half A BILLION Dollars From The Website!

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Lesson learned: don't post celeb sex tapes.

After Gawker lost a massive $115 million judgment to Hulk Hogan over the posting of his sex tape, it seemed like the case was all said and done — well, until the appeal, that is.

Related: Hulk's Ex-Wife Breaks Down Over The Scandal!

There's only one thing: that $115 million only takes into account the compensatory damages that Gawker did when they published Hogan's naughty nookie night on camera.

The punitive damages still have yet to be handed down, and a jury will next week decide how much to tack on to that figure.

Get ready, though, because punitive damages

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