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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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