Gawker Media founder files for personal bankruptcy after being Body-Slammed by Silicon Valley billionaire Peter Thiel-backed, Hulk Hogan

Gawker Media Chief Executive Nick Denton filed for personal bankruptcy protection on Monday, according to court documents that named his largest creditor as Hulk Hogan, a former professional wrestler who won a $140 million court judgment against the website over a sex tape.

Denton listed assets of $10 million to $50 million and liabilities of $100 million to $500 million in his Chapter 11 bankruptcy petition, filed in U.S. Bankruptcy Court for the Southern District of New York.

Gawker Media filed for bankruptcy in June after Hogan won the judgment in a Florida lawsuit. The wrestler had accused the site of violating his privacy by posting a sex tape featuring Hogan having sex with the wife of his then-best friend, the radio shock jock Bubba the Love Sponge Clem.

Source: Gawker Media founder files for personal bankruptcy | Reuters

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