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2016-06-10 Home Front: Culture Wars
Gawker Files For Bankruptcy
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Posted by Raj 2016-06-10 14:07|| || Front Page|| [12 views ]  Top

#1 Couldn't happen to 'nicer' people...

Just what I was thinking even before I opened this article.

Posted by CrazyFool 2016-06-10 14:28||   2016-06-10 14:28|| Front Page Top

#2 To anyone thinking that Gawker is going away -- sorry.

This is a Chapter 11 reorganization, not a Chapter 7 liquidation. And the VC loans clinch it. They'll come in and add "new value". Debts will go away and life will continue as before, but with a modified cap table.
Posted by Iblis 2016-06-10 16:12||   2016-06-10 16:12|| Front Page Top

#3 Nick Denton still owes $10M on his own. *SMACK*
Posted by Frank G 2016-06-10 21:44||   2016-06-10 21:44|| Front Page Top

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