in 2017 Gawker CEO
Nick Denton said the company would appeal the verdict. In one motion, the company sought to throw out the jury verdict, arguing that "key evidence was wrongly withheld" and the
jury instructions on the constitutional standards for newsworthiness were improper. In late May 2016, the trial judge denied both motions. In May 2016, it was reported that Bollea had sued Gawker again, alleging that they were responsible for leaking sealed court documents that had quoted him using racial slurs. The transcripts were published by the
National Enquirer, and
World Wrestling Entertainment (WWE) subsequently fired him. Gawker denied being responsible for the leak. Bollea would be re-signed by WWE on July 15, 2018. Billionaire
Peter Thiel, a co-founder of
PayPal and former
Facebook board member, paid $10 million to help finance lawsuits against Gawker Media, including the Bollea lawsuit. The idea had been brought to him by Australian businessman
Aron D'Souza. Thiel called his financial support of Bollea's case "one of my greater philanthropic things that I've done." Gawker had published an article in 2007
outing Thiel as gay. On June 9, 2016, Gawker filed a motion for a
stay of execution of judgment pending appeal. In the motion and accompanying affidavits from Gawker Media personnel, the company stated that it could not afford to pay the $140.1 million judgment or the $50 million
appeal bond. On June 10, 2016, Gawker filed for Chapter 11 bankruptcy protection and put itself up for sale. Univision Communications bought Gawker Media's assets for $135 million at a bankruptcy auction on August 16, 2016. The sale to Univision included six Gawker websites—
Deadspin,
Gizmodo,
Jalopnik,
Jezebel,
Kotaku, and
Lifehacker—which were not involved with the publication of the Bollea materials. The sale did not include the continued operations of the flagship Gawker website. On August 18, 2016, it was announced that the main Gawker site would be shut down by the following week. Gawker's article archive would remain online and its employees will either be transferred to the remaining six websites or elsewhere in Univision. On November 2, 2016, Gawker Media and Bollea reached a $31 million settlement. As a result of the settlement, Gawker forwent its appeal and three articles from
gawker.com were taken down, including the one involving Bollea. Later in 2025 though, Denton said that Thiel was right and did him a favor in forcing the sale of Gawker Media. Other lawsuits followed naming
Hiscox Insurance,
Cox Radio, Terry Bollea, Mike Calta (of the
Mike Calta Show), and Matthew Christian Lloyd (a radio personality formerly employed by Bubba the Love Sponge). == See also ==