Gawker Media said in response to a report that it is for sale that everyone needs to “take a breath.”
Silicon Valley Billionaire and Facebook board member Peter Thiel admitted yesterday that he was secretly funding Hulk Hogan‘s lawsuit in an attempt to cripple Gawker. This morning, the New York Post reported that Gawker founder Nick Denton has begun soliciting bids for the company because the Thiel-funded trial is leaving him strapped for cash.
“Everyone take a breath. We’ve had bankers engaged for quite some time given the need for contingency planning around Facebook board member Peter Thiel’s revenge campaign,” Gawker Media said in the statement.