Forum - Sold To Bleacher Report Co-Founder Bryan Goldberg In Bankruptcy Auction
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Post 148069       July 12 '18 at 04:02 PM
By BeauHD from Slashdot's highest-bidder department:
The now-dormant news and gossip website was sold on Thursday to Bryan Goldberg, the founder of Bustle and co-founder of Bleacher Report. According to CNN, the site sold for less than $1.5 million. From the report: Goldberg founded the sports website Bleacher Report along with three other people in 2005; in 2012, they sold it to Turner, which like CNN is owned by AT&T. He launched Bustle, a website focused on women's issues, in 2013. Goldberg addressed the Gawker sale in a Bustle internal email on Thursday, saying the site will be acquired "under a new holding company, separate from Bustle."

"You are probably wondering what happens next," he said in the email, which was obtained by CNN. "The short is this -- not much. We have no immediate plans to re-launch Gawker. For now, things will stay as they are. I'm very excited about the possibilities for the future of Gawker. I will share more in the months ahead." The sale includes an archive of hundreds of thousands of Gawker stories and social media accounts affiliated with the site. Gawker Media was sold to Univision in 2016 for $135 million and renamed Gizmodo Media Group after the company declared bankruptcy, "the result of a legal assault waged by the former pro wrestler Hulk Hogan that was secretly subsidized by Silicon Valley billionaire Peter Thiel, a longtime Gawker adversary," reports CNN.