Still optimistic: Denton tweeted that the sites will thrive under new ownership.
NEW YORK: Gawker Media LLC founder Nick Denton faces personal bankruptcy after a US judge refused on July 19 to extend protections shielding him from liabilities resulting from a lawsuit over the invasion of privacy of former professional wrestler Hulk Hogan.
The decision represents a victory for Hogan as well billionaire investor Peter Thiel, an early backer and board member of Facebook Inc who helped fund Hogan's lawsuit following the publication of an article by Gawker about Thiel's homosexuality.
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