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Bustle creator Bryan Goldberg buys Gawker website, but has no plans to revive it right now

By california scoop / Published on Thursday, 12 Jul 2018 12:38 PM / No Comments / 10 views

The founder of the Bustle media conglomerate won a bidding war to obtain the defunct – but has no plans presently to revive the website.

Bryan Goldberg obtained the rights to bankruptcy auction Thursday. His winning bid came in at $1.35 million, according to Reuters.

“You are probably wondering what happens next,” Goldberg wrote in an email obtained by CNN. “The short answer is — not much. We have no immediate plans to re-launch Gawker. For now, things will stay as they are. I’m very excited about the possibilities for the future of Gawker. I will share more in the months ahead.”

Gawker Media had to file for bankruptcy in 2016 after it lost a $140 million judgement in lawsuit filed by famed ex-wrestler Hulk Hogan over portions of a sex tape featuring the celebrity that the company had posted online. Hogan — real name Terry Bollea — would later reach a $31 million settlement.

Bryan Goldberg acquired the rights to

Bryan Goldberg acquired the rights to (YouTube), which launched in 2003 and had operated as a news and gossip blog based in New York City, shut down in 2016 due as a result of the company’s financial struggles. The website was the flagship outlet within Gawker Media.

Goldberg, 36, said in his email that the acquisition of was made under “a holding company, separate from Bustle.”

He is also the founder of the sports news and commentary website Bleacher Report.

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