Gawker has hired a banker, which suggests that it's considering a sale or raising more outside cash.But no one will want to buy Gawker until it beats lawsuits funded by billionaire Peter Thiel (like the Hulk Hogan case) - or declares bankruptcy. Meanwhile, executives at Facebook, where Thiel has a board seat, are
all conspicuously keeping quiet about the situation, and Gawker boss Nick Denton has issued an open invitation for Thiel
to debate the issues in public.
[
Peter Kafka | Recode]