Gawker Hires Banker to Explore Sale After Hulk Hogan Suit

Updated on
  • Publisher fighting $140 million verdict in defamation suit
  • CEO Denton seeks debate with billionaire backing litigation

Billionaire Thiel Bankrolls Hogan's Gawker Lawsuit

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.

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