Gawker.com shutting down next week

When we last checked in on the situation with Hulk Hogan and Gawker, the latter, faced with a huge debt in the form of $140 million dollar ruling against them in their legal battle with Hulk Hogan over the release of a 2012 sex-tape, was forced to file for bankruptcy and began the process of selling the company.

Univision put in a successful bid of $135 million to purchase Gawker Media’s assets but it was announced today that Gawker.com will be shutting down next week:

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.

This is all, ultimately, a result of the Hogan lawsuit that was, as mentioned, funded by Silicon Valley investor Peter Thiel. While the flagship Gawker.com is no more, the other six websites under the Gawker Media umbrella, such as Deadspin and Gizmodo, will continue.

Hogan’s response to this: