The jury then slapped another $25 million in punitive damages on Mr Denton. In March, a six-person jury awarded $60 million to Hogan, 62, for emotional distress and $55 million for economic damages, after Gawker published in 2012 a short edited video clip featuring him having sex with the wife of his then-best friend, the radio shock jock Bubba the Love Sponge Clem. The verdict could be overturned or reduced." "A high bond like that is effectively the same as not allowing the stay," Michael Berry, an attorney for Gawker, told the court hearing. The lawsuit states that Mr Denton could be forced to file for personal bankruptcy himself, preventing him from running Gawker and executing a sale. In the filing, Gawker said its assets are estimated to be worth $US50 million to $US100 million, whereas its liabilities are estimated to be between $US100 million and $US500 million. In a post-trial hearing in St Petersburg, Florida, on Friday, the New York-based company argued that it could not pay a bond on the $US140 million judgment. Gawker has vowed to appeal the verdict in the Hogan lawsuit. "We look forward to the possibility of adding these great brands - and the talented people who support them - to the Ziff Davis family." Gawker founder could file for personal bankruptcy "There's a tremendous fit between the two organisations, from brands to audience to monetisation," said a spokesman for Ziff Davis.
Ziff Davis, whose gaming and consumer technology websites include AskMen, Computer Shopper and, would significantly expand its internet portfolio with the acquisition of Gawker, gaining websites such as Gizmodo, Lifehacker, Kotaku, Jalopnik, Deadspin and Jezebel. Terry Bollea, aka Hulk Hogan, said the sex tape invaded his privacy.
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