Gawker Auction Set For July After Stalking Horse Offer OK'd

Law360, New York (June 20, 2018, 8:43 PM EDT) -- A New York bankruptcy judge on Wednesday approved the $1.1 million stalking horse offer and bidding procedures for the domain name and its archive of old stories, clearing the way for an auction scheduled for next month.

U.S. Bankruptcy Judge Stuart M. Bernstein approved a tight timeline for the bidding in Gawker Media LLC's Chapter 11 case, with final bids submitted by early July and an auction held shortly thereafter. An entity tied to Didit, a Long Island, New York-based digital advertising and marketing company, has set the floor price for the assets at $1.1 million. The stalking horse bidder...

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