Hulk Hogan has lost his mind

[Kageho]

So, yeah... Apparently, that lawsuit by Hulk Hogan against Gawker had a backer or suggestor in Peter Thiel.

You may know the guy due to his hedge fund Clarium Captial which lost a lot of people money (except him). Maybe from his right wing politics. Perhaps not. Needless to say, he's the one who basically pushed this forward. Oh and while I linked to Gawker itself, Forbes and New York Times are the ones who actually found this out.

Also, Gawker did manage to get the necessary funds to pay for the lawsuit, but that was by selling stuff (I'd assume shares) to a Russian Oligarc. Which in turn for them, makes the news that a billionaire is fucking around with them (several more, different, lawsuits by Hulk's lawyer coming) is just the best (or rather worst) part.

Just when you think things can't get stranger, low and behold, it does.

 

[Byron The Bulb]

Thiel also supports Trump, who has openly endorsed the idea of suing media outlets for negative coverage, and is doing it because Gawker outed him in 2007 (which is legal) and he's been harboring a grudge ever since. He's also said that his real goal is to just keep funding lawsuits like this until Gawker drowns in legal fees. He doesn't even care about the outcomes. The whole thing is like The Count of Monte Cristo, except extremely stupid.

 

[Zetterberg is God]

Gawker Media, under pressure from a $140 million legal judgment in an invasion-of-privacy lawsuit by the former wrestler Hulk Hogan, is putting itself up for sale, according to a person briefed on the plan. The company filed for Chapter 11 bankruptcy on Friday after a judge overseeing the suit against the company entered the full judgment and denied Gawker’s request for a stay under terms the company could meet.

The company is beginning an auction, said the person, who spoke on condition of anonymity because the auction has not been announced. Ziff Davis, a digital media company, has submitted an opening bid of $90 million to $100 million, the person said.

 

[Mickey Massuco]

I AM A REAL AMERICAN FIGHT FOR THE RIGHTS OF EVERY MAN

WOOOOOO
U S A
U S A
U S A

 

[909]

Gawker will/should win the appeal, but obviously the 50 million cash bond was a problem. Sucks for them.

 

[909]

 

[Mickey Massuco]

KOAC!

 

[KingPK]

Gawker will/should win the appeal, but obviously the 50 million cash bond was a problem. Sucks for them.

Didn't they already lose the appeal?

Anyway Ziff-Davis bought them already.

 

[KOAB]

It's hard to win an appeal when many remember the moronic owner who has never dealt with real consequences in their life before horrifying the judge and jury with pedophile jokes and his lawyer invoking the Holocaust.

 

[909]

Gawker will/should win the appeal, but obviously the 50 million cash bond was a problem. Sucks for them.

Didn't they already lose the appeal?

Anyway Ziff-Davis bought them already.

No and they have to put up 50 million to appeal.

 

[Byron The Bulb]

It's hard to win an appeal when many remember the moronic owner who has never dealt with real consequences in their life before horrifying the judge and jury with pedophile jokes and his lawyer invoking the Holocaust.

AJ Daulerio was the one who made the pedophile jokes and he hasn't worked there in like five years. In any case, this sets a terrible precedent since it'll probably embolden other shitbag billionaires to use the courts to punish/bankrupt media outlets they don't like.

 

[Kageho]

Florida specifically has a clause in this to make the people have to pay some or all the money even while it is being appealed (which it still is). What they lost was a stay on having to pay the 50 million, which in turn is why they went into Chapter 11 bankruptcy.

I bet Hogan spends that 50 million or claim it is lost so that he doesn't have to pay it back when the appeal is won.

 

[Jingus]

In any case, this sets a terrible precedent since it'll probably embolden other shitbag billionaires to use the courts to punish/bankrupt media outlets they don't like.

I dunno, man, this case seems entirely justified to me. I'm not entirely sure that Gawker even counts as a "legitimate" journalistic outlet. They flagrantly broke the law, bragged about refusing to obey the rules. I can't blame Thiel for his grudge, even today it's still a pretty hurtful thing to publicly out someone's homosexuality. What legitimate defense is there for Gawker's actions here?

 

[BorneAgain]

Gawker just really chose the wrong hill to die on. I think the years of outrageous headlines and "scoops" of varying dubious veracity gave them a rather unwarranted sense of invincibility and there were probably enough staffers that figured a sleazy sex tape involving a pro wrestler was entirely par the course. Hogan had them dead to rights the moment they didn't take the tape down, because when you're an already loathed website refusing an order from a judge, you need the best possible legal and PR defense possible, and they were never going to have either.

The most telling epitaph for them is that most laments about their bankruptcy are more about the precedent it sets rather than any value Gawker itself has as a journalistic entity.

 

[vivisectvi]

Gawker was the worst. Good riddance.

 

[KOAB]

The most telling epitaph for them is that most laments about their bankruptcy are more about the precedent it sets rather than any value Gawker itself has as a journalistic entity.

 

[CBright7831]

Hulkamania puts another company in the red, brother. 8)

Although this was well deserved.

 

[A Happy Medium]

I'll follow Drew Magary, though. I enjoy his writing and general Simmons qualities without the fanfare.

Oh...and, enjoy that image while it lasts. ....WHEN IT COMES CRASHIN' DOWN AND IT HURTS INSIDE!

 

[vivisectvi]

http://www.gerweck.net/2016/08/18/hogan-drops-another-leg-drop-on-gawker/

Hulk Hogan’s legal war with Gawker Media has resulted in founder Nick Denton auctioning off his company last week which was purchased by Univision Communications for $135 million. However, Univision is now shutting down operations of the website effective next week. “After nearly fourteen years of operation, Gawker.com will be shutting down next week. The decision to close Gawker comes days after Univision successfully bid $135 million for Gawker Media’s six other websites, and four months after the Silicon Valley billionaire Peter Thiel revealed his clandestine legal campaign against the company,” a post on Gawker.com reads. Thiel was revealed as the one pumping the money behind Hogan’s legal case which is why Hogan never settled during the trial, gambling on a bigger payoff while Thiel paid the legal fees. “Nick Denton, the company’s outgoing CEO, informed current staffers of the site’s fate on Thursday afternoon, just hours before a bankruptcy court in Manhattan will decide whether to approve Univision’s bid for Gawker Media’s other assets,” the statement on Gawker continued. The case between Hogan, Gawker Media, Nick Denton, and AJ Daulerio continues as defendants will be appealing the judgment if they can come up with the cash.

 

[Big Papa Paegan]

El Gawkero

 

[geniusMoment]

Hogan and Gawker have reached a settlement for 31 million. Expected to be paid out to Hogan by the end of the year. And Hogan's legal team was financed by a billionaire before the suit even started, so he'll probably get to keep almost all of it.

 

[Mickey Massuco]

brb gonna record a buncha slurs

 

[Precious Roy]

http://pagesix.com/2017/07/22/hulk-hogans-weekend-turned-sad-and-lonely-pretty-quick/

 

[BruiserBrody]

http://pagesix.com/2017/07/22/hulk-hogans-weekend-turned-sad-and-lonely-pretty-quick/

What a clickbait headline. Dude had 3 beers and took a nap.

 

[Mickey Massuco]

http://www.thewrap.com/gawker-media-sell-flagship-hulk-hogan-45-percent/

Gawker Media settled with Hogan for $31 million and the wrestling legend is also entitled to 45 percent of any proceeds if Gawker.com is sold.

 

[vivisectvi]

http://www.gerweck.net/2018/01/18/wwe-committed-to-their-decision-on-hogan/

WWE has released a statement to The Washington Post regarding a Hulk Hogan return

“At this time, WWE remains committed to its decision.”

 

[Sabre]

So he will be on raw Monday.

 

[BruiserBrody]

https://www.youtube.com/watch?v=AlnIj9pTKdI

23 min mark, Hogan aligns with Ollie North in Iran Contra shocker!

 

[vivisectvi]

Racist piece of shit Hogan wanted $750K to "join" the Bullet Club at WK12.

 

[ViciousFish]

Where’s that from?