Jalopnik’s Parent Company Gawker Files For Bankruptcy, Says It Will Sell To Ziff Davis [Updated]

Gawker Media LLC, which owns titles like Jalopnik, Gizmodo, Deadspin and Jezbel, filed for Chapter 11 bankruptcy protection on Friday, following a $140 million judgment in the Hulk Hogan lawsuit, which was secretly financed by Silicon Valley venture capitalist, Peter Thiel.
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