Gawker Media is looking to be purchased after it announced on Friday that it has filed for bankruptcy protection in the wake of a judge awarding Hulk Hogan a $140 million lawsuit in a privacy trial against the company earlier this spring.
One such suitor is publisher Ziff Davis, which has reportedly offered to buy Gawker Media for less than $100 million. Ziff Davis knows something of the Chapter 11 process itself, having filed itself when its hobbyist magazine business suffered along with the print industry as a whole back in 2008. The company now publishes digital, tech-centric titles, Recode reports, and reaches over 100 million readers a month with publications like IGN, Ask Men, and PCMag.
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