This is a raw backer auction

This is a raw backer auction to the accomplished bidder, whomever that applicant adeptness be; the cloister will pay no absorption to whether or not the bidders are accumbent with Gawker’s absolute exhausted policy.In the specific case of Gawker itself, that diplomacy a lot. Gawker has had assorted incarnations over the years, but it has consistently had the aforementioned proprietor, and that freeholder – Denton – has consistently apparent Gawker’s adeptness as accepting key to its adeptness to allege accuracy to power. As Politico’s Tom McGeveran says, a non-independent Gawker is adequate to be “utterly changed, if not annihilated”; if it were bought by Ziff-Davis, it “would in fact become unrecognizable.” About by definition, Gawker is traveling to be awash to the applicant with the centermost pockets, and the richer you are, the added you acquire to lose. It’s simple to be assured if you’re a belligerent adolescent blog with no assets; it’s abundant harder if you’re a aloft association that wants to abbreviate the anticipation that a Florida cloister acumen could apple-pie $140 amateur off your antithesis sheet Dofus Touch Gold.Denton, and the draft of Gawker’s management, will in fact put on a adventurous face no bulk who ends up diplomacy the franchise.
But Gawker artlessly won’t be the aforementioned if it becomes allotment of some big, affluent media company. It won’t acquire attorneys who accede to nastygrams with accessible belletrist like this one; instead, it will be a accessory of a aggregation with a lath of admiral who acquire a fiduciary obligation to abbreviate accidental liabilities.My achievement is that in fact because Gawker’s bulk lies in its independence, any bidders for Gawker Media are traveling to accede it added of a accountability than an asset, and accordingly leave it out of their bid. It’s still apparently possible, in added words, that Gawker.com adeptness abide independent, even if Gizmodo and the added banknote beasts of the Gawker Media alignment get sold, or that Denton adeptness administer to buy the flagship website aback from its new owner.But the tragedy of today’s filing is that Nick Denton has no complete ascendancy over that outcome. He congenital Gawker Media, and has adherent the able 14 years of his activity to it. Now, he’s apparently traveling to see his aggregation abandon into the calmly of one of the media moguls that Gawker was created to skewer. That’s annihilation to be sanguine about.