Gawker.com is shutting down.
"After nearly fourteen years of operation, Gawker.com will be shutting down next week. The decision to close Gawker comes days after Univision successfully bid $135 million for Gawker Media’s six other websites, and four months after the Silicon Valley billionaire Peter Thiel revealed his clandestine legal campaign against the company."
"Nick Denton, the company's outgoing CEO, informed current staffers of the site's fate on Thursday afternoon, just hours before a bankruptcy court in Manhattan will decide whether to approve Univision's bid for Gawker Media's other assets. The near-term plans for Gawker.com's coverage, as well as the site's archives, have not yet been finalized."
The news comes after Terry Bollea - better known as Hulk Hogan - successfully suing the company for distributing a video of him having sex with a friend's wife. And about four months after the Silicon Valley billionaire Peter Thiel revealed his legal campaign against the company.
