Gawker declares bankruptcy, will auction itself off in wake of Hulk Hogan lawsuit
by Cyrus Farivar from Ars Technica - All content on (#1GSGM)
(credit: Miguel Discart)
UPDATE 3:00pm ET: The Verge located and published Gawker's federal Chapter 11 bankruptcy protection filing, which we have mirrored here.
In that document, owner Nick Denton estimates the company's assets at $50 million to $100 million, and liabilities at $100 million to $500 million.
Ryan Mac, a reporter at Forbes, provided Ars with a three-page statement from Gawker, that we have published in full, here.
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