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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 Media Files For Chapter 11 Bankruptcy After Major Loss In Hulk Hogan's Invasion Of Privacy Suit!

gawker files for bankruptcy

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.

Related: Johnny Depp Auctioning Pricey Art Collection

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

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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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Florida Judge Upholds Hulk Hogan's $140 Million Victory Against Gawker & Denies The Site's Request For A New Trial!

Filed under: Legal MattersHulk HoganSexControversy

Get the deets!

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.

Related: Hulk Files ANOTHER Lawsuit Against Gawker!

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.]

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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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WWE Stars, Jerry O'Connell, & Other Celebs Pay Their Respects To Chyna Following Her Untimely Death

celebs react chyna death

Our hearts are just breaking!

As we previously reported, WWE icon Chyna was confirmed as dead after she was found unresponsive in her Redondo Beach, CA home. The reality TV star was only 45.

Related: Doris Roberts Dead At 90

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).

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Gawker Founder Nick Denton Has NO REGRETS About Posting Hulk Hogan's Sex Tape! Watch His Unapologetic GMA Interview!

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No one works in the media to make friends!

Earlier this week, Hulk Hogan was awarded $115 million in his trial against Gawker Media, who the WWE star sued for posting a sex tape of him and his former best friend's wife.

In addition to Hogan (born Terry Bollea)'s compensatory damages, the Florida jury added $25.1 million in punitive damages as they believed that the controversial site broke the law.

The jurors had strong words for the site's founder Nick Denton, who they believed never showed any signs of remorse during the trial — and according to Denton, the jury was absolutely right!

Related: Denton Writes A Lengthy Rebuttal To Hogan's $140 Million Victory

In an interview with ABC News on Thursday, the founder was unapologetic about posting the controversial story, because he deemed the material "newsworthy" — and said he would do it again!

He explained:

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