Gawker asked to recognize themselves bankrupt after losing the lawsuit for $140 million

Online news portal Gawker filed a bankruptcy petition after the court ordered him to pay $140 million to former wrestler Hulk Hogan for publishing without his consent a private video, according to Reuters.

Gawker is planning to put itself up for sale, the Agency said. Citing people familiar with the matter Reuters reports that interest in buying Gawker showed a media company Ziff Davis LLC and plans to buy it for about $100 million.

The Declaration of bankruptcy Gawker notes that the assets of the company are estimated to amount to approximately $ 50 million to $ 100 million, while the amount of claims is $100 million and $500 million.