Nick Denton Values Gawker Media at Around $200 Million
Our favorite passage from Lloyd Grove’s Daily Beast interview with Nick Denton is the following:
Personally and through a family trust, Denton says he owns 68 percent of his privately-held, Cayman Islands-registered company that press reports have valued in the neighborhood of $300 million, though Denton says, “On the open market, if it were for sale—which it isn’t — it’s more like $200 million.”
At this point in his life, Denton has enough filthy lucre in his bank account to affect a certain lack of interest in the stuff.
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