June 23, 2017 4:44 PM ET

Media

Company Overview of Gawker Media, LLC

Company Overview

Gawker Media, LLC publishes titles on the Web. It offers brand stories, news, scandals, entertainment stories, mobile Websites, display units, and content sponsorships. The company also provides Kinja, a publishing platform that enables editors, readers, and marketers to engages in discussions. Gawker Media, LLC was founded in 2002 and is based in New York, New York.

114 Fifth Avenue

2nd Floor

New York, NY 10011

United States

Founded in 2002

Phone:

212-655-9524

Fax:

904-565-1620

Key Executives for Gawker Media, LLC

Founder, Chief Executive Officer and Managing Partner
Managing Partner, President and General Counsel
Managing Partner and Executive Editor
Managing Partner and Chief Technology Officer
Managing Partner and Chief Operating Officer
Compensation as of Fiscal Year 2016.

Gawker Media, LLC Key Developments

Gawker Media and Terry 'Hulk Hogan' Reaches Multimillion-Dollar Settlement

The four-year legal battle between Gawker Media and former professional wrestler Terry 'Hulk Hogan' Bollea reached its culmination on Nov. 2, 2016 with a multimillion-dollar settlement. The settlement comes seven months after a Pinellas County jury delivered a devastating verdict against the company that led to the demise of its gossip website, Gawker.com. The jury ruled that Gawker Media violated Bollea's privacy rights when it posted a sex tape of the wrestler online in 2012. The original judgment against Gawker was for a total of $140.1 million. Media reports put settlement at $31 million.

Motion for Asset Sale Approved for Gawker Media, LLC

The US Bankruptcy Court gave an order approving the sale of the substantially all the assets of Gawker Media, LLC on August 22, 2016. The debtor has been authorized to sell substantially all its assets to UniModa, LLC, the winning bidder at the auction, for a purchase price of $135 million in cash.

Notice of Successful Bidder Filed by Gawker Media, LLC

Gawker Media, LLC filed a notice in the US bankruptcy Court regarding sale of its substantially all assets on August 25, 2016. The debtor conducted an auction for sale of its substantially all assets and selected UniModa, LLC as the Successful Bidder for a purchase price of $135 million. The sale hearing will be held on August 18, 2016. Steven L. Grossman of O’Melveny & Myers LLP and Peter M. Gilhuly of Latham & Watkins LLP acted as legal advisors to the buyer.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 16, 2016
Gawker Media, LLC, Jezebel.com
 

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