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[BronsonLee]

Ziff Davis is looking to buy them.

Gawker has told it employees it still plans to fight the Thiel/Hogan case and to operate its publishing business while it does so. But it is also now formally entertaining offers to buy the company and says it has a firm bid from publisher Ziff Davis to buy the entire operation for less than $100 million.

Ziff gonna make out like a bandit if that's the case

 

[Leona Lewis]

 

[IdreamofHIME]

I'd be happy about the end of a shitty littleEmpire, but the truth is the worst at Gawker will find great new jobs elsewhere because they know how to get clicks while the real talent will suffer.

 

[ApharmdX]

Good.

Gawker was a mistake, nothing but trash.

Agreed. No great loss here, Gawker was garbage.

 

[Strangelove77]

Seems like this was an inevitability. If not Hogan, then someone else.

 

[Sanjuro]

Where will Millennials get their opinions now?

Inside of a steel cage.

 

[BronsonLee]

Seems like this was an inevitability. If not Hogan, then someone else.

The top brass pissed off the wrong goddamn people.

 

[MrChocolate]

No more Kotaku? Good. Nothing but clickbait articles (which sadly, most gaming sites seem to go for)

 

[vainya]

FYI, Chapter 11 bankruptcy is for reorganization. Many companies have emerged from it. Gawker could still survive long term.

This is probably just so that they don't have to pay that judgement against them. After all once you win a lawsuit, you become a creditor and in bankruptcy all of that is discharged.

 

[ezekial45]

Holy shit, if Ziff Davis does this right, they'll be on fucking on top with Gawker under this umbrella.

 

[Randolph Freelander]

 

[Kyzer]

 

[smokeymicpot]

Holy shit, if Ziff Davis does this right, they'll be on fucking on top with Gawker under this umbrella.

Yeah, great move by them. Wonder how cheap they will get it though.

 

[kitschykitty]

This is probably just so that they don't have to pay that judgement against them. After all once you win a lawsuit, you become a creditor and in bankruptcy all of that is discharged.

Not in chapter 11

 

[StoopKid]

I want to feel bad.

 

[TacticalHotdog]

Hope Kotaku will come out of this alive. :/

I hope the staff breaks off to form a new site separate from Gawker that is less clickbaity

 

[Corronchilejano]

No more Kotaku? Good. Nothing but clickbait articles (which sadly, most gaming sites seem to go for)

Unfortunately (for you) operations will not cease for the time being.

 

[Wilsongt]

Rip Kotaku, just when it was starting to be somewhat decent.

 

[Par Score]

This sucks, some of the best news blogs out there are under the Gawker banner.

Fuck Thiel.

 

[Diprosalic]

is this like a fiddy cent bankruptcy to get out of paying but still having more than enough money?

 

[Tatsumaki Senpuukyaku!]

who would have thought that a man named bubba the love sponge would be a key player in the end of gawker

 

[Mokujin]

Damn, I enjoyed io9 ... and somewhat kotaku.

Any io9 like sites out there?

 

[Altairre]

No more Kotaku? Good. Nothing but clickbait articles (which sadly, most gaming sites seem to go for)

Can we please stop with this narrative? It's bullshit. Some of the best articles of recent memories came out of that place. Like this piece about the development of Destiny. I'm not sad to see Gawker go but I do feel bad for the talent associated with some of their sites. Hopefully they'll land on their feet.

 

[clockworkinyou]

I just hope Jalopnik and Deadspin survive.

Magary will probably find somewhere to land quickly, if it comes to that.

 

[Vyrance]

Hope the Kotaku people come out of this ok!

 

[Krakn3Dfx]

Hopefully people land on their feet. We can shit on Gawker all day, but 99% of their people had nothing to do with this and were just working to survive. A lot of people stand to join the ranks of the unemployed in this situation, and a lot of those people are talented, skilled writers.

 

[Wereroku]

Any clue on how this works with the union agreements? Would Ziff have to agree to the contract to get the employees or does this start everything over?

 

[soundahfekz]

Fuck Gawker AND Hulk Hogan


Whynotboth.jpg

 

[EatinOlives]

You know brother, Hulkmania really did run wild on Gawker.

 

[Laevateinn]

FYI, Chapter 11 bankruptcy is for reorganization. Many companies have emerged from it. Gawker could still survive long term.

Trump has emerged from Chapter 11 four times.

 

[Sparkedglory]

Kotaku and Jalopnik please make it somehow.

 

[Hot Coldman]

Remember how Hulk Hogan called his daughter's lover a racial slur on camera? Because I'm not sure everyone does.

Can we please stop with this narrative? It's bullshit. Some of the best articles of recent memories came out of that place. Like this piece about the development of Destiny. I'm not sad to see Gawker go but I do feel bad for the talent associated with some of their sites. Hopefully they'll land on their feet.

To be fair, maybe that dude had been in a coma for the past 5 years.

 

[Kyzer]

FYI, Chapter 11 bankruptcy is for reorganization. Many companies have emerged from it. Gawker could still survive long term.

 

[ANDS]

This sucks, some of the best news blogs out there are under the Gawker banner.

Fuck Thiel.

You'd rather have private citizens outed than lose your articles?

 

[Tal Shiar Agent]

Not with a whimper but a bang.




Hopefully Kotaku will get spun off, maybe go independent.

 

[ReAxion]

That sucks.

 

[thefro]

Holy shit, if Ziff Davis does this right, they'll be on fucking on top with Gawker under this umbrella.

Kotaku would probably be merged into IGN if Ziff Davis bought them.

 

[Cat Party]

It blows my mind that anyone could think that a rich asshole being able to put a media company out of business for posting articles he didn't like is good or acceptable. And yet people are celebrating this.

I hope Gawker prevails and that Theil and Hogan eat shit, not because I approve of all Gawker's publishing decisions, but because what those two are doing is fucked up.

Keep in mind that chapter 11 is used to restructure debt, rather than liquidate. So Gawker isn't going anywhere just yet.

 

[smokeymicpot]

Any clue on how this works with the union agreements? Would Ziff have to agree to the contract to get the employees or does this start everything over?

They might try to keep everyone on board, or clean house. When they bought IGN their was some layoffs.

Just at this moment everything is staying as is and nothing is getting shutdown.

 

[iMax]

 

[harSon]

As much as Gawker sucks as an entity (although it certainly has some worthwhile parts), it sucks that a racist piece of shit gets to come out ahead in life.

 

[LiK]

updated OP with the Ziff info

 

[ezekial45]

Kotaku would probably be merged into IGN if Ziff Davis bought them.

Not necessarily. Kotaku has value as its own thing and would be better run as is. They can complement each other, but I think that's it. Simply gutting the talent and merging it with IGN would be a waste.

 

[Sapiens]

Ultimately a bad thing, imo.

 

[Nerokis]

I find it hard to celebrate this. Gawker has disgusted me on more than one occasion, but for a millionaire and a billionaire to be able to team up and use the legal system to (edit: potentially) run it out of business? Surely there are negative implications there. Particularly when said billionaire happens to be someone with very little respect for the media, democracy, etc. in the first place.

Not to mention Gawker hasn't been entirely bad. There are a lot of great people working under that banner.

 

[ezekial45]

It should be the other way around. Vince is ZD and Shane would 'invade' Gawker after the purchase.

 

[Tatsumaki Senpuukyaku!]

As much as Gawker sucks as an entity (although it certainly has some worthwhile parts), it sucks that a racist piece of shit gets to come out ahead in life.

I'd get used to it because one may be president in a few months.

 

[backflip10019]

I'm sure Kotaku will be fine. If the reorganization doesn't work out, they could easily sell it off.

That said, fuck Gawker.

 

[dave is ok]

I find it hard to celebrate this. Gawker has disgusted me on more than one occasion, but for a millionaire and a billionaire to be able to team up and use the legal system to run it out of business? Surely there are negative implications there. Particularly when said billionaire happens to be someone with very little respect for the media, democracy, etc. in the first place.

They didn't 'run it out of business' they won a lawsuit

 

[ANDS]

It blows my mind that anyone could think that a rich asshole being able to put a media company out of business for posting articles he didn't like is good or acceptable. And yet people are celebrating this.

I love how you use vague terms and not the actual content of the articles themselves.