Gawker Seeks Investors to Help Pay for Hulk Hogan Trial [Updated]

By Chris O'Shea Comment

Gawker 320

Anyone feel like giving some cash to Gawker? According to the International Business Times, Gawker’s founder Nick Denton is searching for an investor just in case Gawker loses its legal battle with Hulk Hogan (Terry Bollea).

For those wondering how, exactly, your money will be spent, a little background info. Bollea is suing Gawker for $100 million because the site published a sex tape featuring Bollea in 2012. Gawker has been claiming that Bollea is going to lose the case, but now that the trial is creeping closer, the company is scrambling for extra cash. Essentially, your money will be used to take down Hogan.

In a statement, Denton did his best to raise the free speech flag.

“With the Hulk Hogan trial beginning in early March, Gawker Media is fortifying its finances to ensure full resources are in place for the continued cost of litigation… Until now, Gawker Media has been funding the Hulk Hogan legal expenses from general revenues and given the expenses of continuing to defend our First Amendment rights, the management of Gawker Media has concluded that additional financing should be locked in before the trial begins.”

For anyone with extra money sitting around, it’s time to make a choice. You either stand with a company who publishes a pro wrestler’s sex tape, or you stand against the First Amendment.

(Update: 2:58 pm)
The Times reports that Columbus Nova Technology Partners has purchased a minority stake in Gawker Media. As a result, Nova’s managing director Jason Epstein will have a seat on Gawker’s board of directors.

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