Nick Denton, founder of Gawker Media, is privately soliciting bids for his digital-media empire, according to the New York Post. Denton, who owns a 68 percent stake in the company, reportedly hired a media banker to help evaluate its value after a Florida jury ordered it to pay $140 million in damages to ex-pro wrestler Hulk Hogan, who won a privacy lawsuit against the gossip website. Gawker was reportedly valued as high as $250 million earlier this year, but it’s unclear if—or how much—that amount has declined after a string of losses in court.
Read it at New York Post
