The co-founder of New York-based marketing firm Didit is interested in buying gossip website Gawker Media LLC out of bankruptcy after a U.S. judge yesterday approved a settlement with the investor Peter Thiel, whose funding of a lawsuit against Gawker forced it to close in 2016, Reuters reported. A bid by Kevin Lee, co-founder and executive chairman of Didit, has set a floor price for other potential buyers in a bankruptcy auction. As part of the settlement approved yesterday by Bankruptcy Judge Stuart Bernstein, Thiel Capital LLC agreed to drop its bid to buy Gawker and its archives and also agreed to release claims against any eventual buyer. The settlement was originally proposed when Thiel abandoned his effort to buy the defunct site last month. “We remain interested in Gawker.com and if we prevail, (we) plan to relaunch Gawker as Gawker For Good, using ad revenues to donate to nonprofits,” said Lee, a search engine marketing expert.
