Deals
Gawker Hires Banker to Explore Sale After Hulk Hogan Suit
- Publisher fighting $140 million verdict in defamation suit
- CEO Denton seeks debate with billionaire backing litigation
Billionaire Thiel Bankrolls Hogan's Gawker Lawsuit
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Gawker Media Inc. has hired a banker to explore strategic options, including a possible sale, as the digital media company fights a potentially crippling $140 million damages award in a defamation suit brought by the former pro wrestler Hulk Hogan.
Mark Patricof, managing director at Houlihan Lokey, will advise Gawker on its options amid the legal clash secretly bankrolled by billionaire investor and Facebook Inc. board member Peter Thiel, the company said Thursday.