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Gawker Media readies for auction after filing for bankruptcy

Published Wed, Jun 15, 2016 · 09:50 PM

New York

GAWKER Media, driven into bankruptcy last week after losing an invasion-of-privacy lawsuit to Hulk Hogan, is seeking to wrap up an asset sale by early August.

The digital media company filed court papers on Monday proposing a July 29 auction with an opening bid of US$90 million from Internet firm Ziff Davis - which agreed to assume some liabilities, but not the US$130 million damages awarded in the lawsuit brought by former pro wrestler Hogan and bankrolled…

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Companies & Markets

Gawker Media readies for auction after filing for bankruptcy

Consumer & Healthcare

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

P&G raises annual core profit forecast on resilient demand, price hikes

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

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