Gawker files for bankruptcy after losing $140m privacy case – BBC News

Online news site Gawker has filed for bankruptcy after losing a $140m (£97m) privacy case earlier this year.

The company filed for bankruptcy protection, which could allow it to avoid paying the damages.

In March, Gawker was ordered to pay wrestler Hulk Hogan for invading his privacy by publishing a sex tape.

Gawker told staff it still planned to appeal against the ruling and would continue to operate, but it was now accepting offers to buy the site.

Source: Gawker files for bankruptcy after losing $140m case – BBC News

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