By Minda Smiley

Gawker Media filed for Chapter 11 bankruptcy yesterday (June 10) following a lengthy legal battle with Hulk Hogan, in which the former pro wrestler sued the digital media company for invasion of privacy after the site published a video of him having sex.

The company is now being put up for auction and publisher and internet company Ziff Davis, whose brands include IGN and AskMen, has submitted a bid for $90m to $100m, according to the New York Times.

In a company press release, Gawker Media stated that it has “entered into an asset purchase agreement to sell Read full story ›

Source: The Drum