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Former employees have initiated a crowdfunding campaign to support Gawker, keep the sites/archive out of the evil clutches of Peter Thiel and "preserve its history." Speaking of never dying, serial entrepreneur Sophia Amoruso announced $3.1mm in seed funding from Lightspeed Venture Partners (big winners in Snapchat) for Girlboss Media.
Just what we always wanted: defunct intellectual property of one of the original prolific internet trolls. This Wall Street Journal piece notes that the brand, domain name, and social media accounts of Gawker.com will be up for sale shortly in order to provide a potential buyer an opportunity to develop a plan prior to the March 2018 termination of the post-sale publication restriction. Man, we crushed that run-on sentence. Anyway, the article also serves as (i) a solid marketing piece for Opportune-cum-Dacarba and (ii) a call-to-action for bankers to kiss-up to Opportune-cum-Dacarba. Well played. Seriously. Well played.
The Gawker Media LLC bankruptcy is the gift that keeps on giving: the bankruptcy court granted a limited inquiry into the litigation financing agreement/arrangement between Trump-fave Peter Thiel and counsel to Hulk Hogan. Litigation finance is apparently a growing industry and is likely to be the subject of heightened judicial scrutiny in the future.