Thiel, who is worth $2.7billion, then said that he was lucky when the website wrote about his sexuality because he was in a position to defend himself. The billionaire businessman was himself targeted by the website in a 2007 post that ran with the headline: 'Peter Thiel is totally gay, people.' Thiel, 48, told The New York Times that he funded Hogan as a means of going to battle with Gawker in response to their stories, explaining that he believes many of the people they write about are defenseless and unable to fight back. It was later revealed just late last month that Hogan's case had been funded by billionaire PayPal founder Peter Thiel. 'That’s why we feel very positive about the appeal that we have already begun preparing, as we expect to win this case ultimately.'
GAWKER JEREMY STRONG FULL
'I want to thank our lawyers for their outstanding work and am confident that we would have prevailed at trial if we had been allowed to present the full case to the jury. Standing on the steps of the courthouse just minutes later he told reporters: 'Given key evidence and the most important witness were both improperly withheld from this jury, we all knew the appeals court will need to resolve the case. It was revealed late last month that billionaire PayPal founder Peter Thiel (above) funded Hogan's case against Gawkerĭenton has been firm in his belief that he plans to win the Hogan case on appeal since the jury's decision was first announced in March. Should any money be left over at the end of that it would be divided between Denton and the company's other shareholders. The money made from the sale will go into a fund to pay for future legal costs, which will likely run high as they appeal the Hogan ruling and higher should they ultimately be forced to pay out any money in damages. Those three claims are listed as 'trade debt.' The company also owes and a little over $115,000 to the law firm of Morrison Cohen, approximately $82,000 to the insurance brokerage Risk Strategies Company and another $82,000 to SimpleReach Inc., a content measurement and distribution start-up founded in 2010. The jury also ordered former Gawker editor AJ Daulerio to pay $100,000 of the punitive damages. The company does not owe the wrestler the full $140.1million because the jury ruled that Denton should be responsible for $10million of the $25.1million they awarded Hogan in punitive damages. 'A combination would marry Ziff Davis’ strength in e-commerce, licensing and video with GMG’s premium media brands.”Ī list of creditors that was included in the company's filing and posted on Twitter by Max Frumes reveals that Gawker Media owes $130million to Terry Bollea, which is Hogan's legal name. That amount is 'disputed' it is noted on the filing.
'We are encouraged by the agreement with Ziff Davis, one of the most rigorously managed and profitable companies in digital media,' said Denton in a statement Friday. The company made the decision to file for bankruptcy in order to be able to keep its online properties up and running and pay its staff. The auction is set to take place in July, and other bids will be accepted. Shah then closed the internal memo by writing: 'We look forward to the possibility of adding these great brands – and the talented people who support them – to the Ziff Davis family.' He went on to write: 'In the event we become the acquirer, the additions of Gizmodo, Lifehacker and Kotaku would fortify our position in consumer tech and gaming. With the addition of Jalopnik, Deadspin and Jezebel, we would broaden our position as a lifestyle publisher.' We look forward to the possibility of adding these great brands-and the talented people who support them-to the Ziff Davis family.' Ziff Davis chief executive Vivek Shah emialed his employees about the possible purchase on Friday, saying: 'There’s a tremendous fit between the two organizations, from brands to audience to monetization. Denton lashed out at Peter Thiel on Twitter Friday, three weeks after it was first revealed he funded Hogan's court case against the company
0 kommentar(er)
