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Aug 19, 2016 @ 11:54

Here’s Gawker Founder Nick Denton’s Farewell Note

 

He’s getting out of the “news and gossip business” after Gawker’s bankruptcy.

Gawker Media has been sold to Univision for $135 million in a court-ordered bankruptcy auction after the gossip site lost a $140 million judgment in a privacy-invasion case filed by former wrestler Hulk Hogan—a case that was financed by Silicon Valley billionaire Peter Thiel.

You can read more about the background of the case here. In a statement to Gawker’s staff that was also released to the media, Gawker founder Nick Denton talked his exit from the “news and gossip business” and about what the site had achieved. The full text of the statement appears below:

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