You are here: Home » Reuters » News
Business Standard

Peter Thiel submits bid for Gawker, faces challenges

Reuters  |  NEW YORK 

By Jessica DiNapoliNEW YORK (Reuters) - Venture capitalist Peter Thiel has made an offer for Gawker, hoping to overcome legal hurdles and rival bidders for the online news site the billionaire helped shutter by funding litigation against it, people familiar with the matter said on Thursday.Gawker, which has been inactive for more than a year, is conducting an auction of its remaining assets, including its domain names and nearly 200,000 archived articles. Most of its assets, including its sister pages Deadspin, a sports site, and Jezebel, a feminist blog, were bought in 2016 for $135 million ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, January 12 2018. 02:27 IST
RECOMMENDED FOR YOU