Gawker may go on sale, Peter Thiel behind lawsuit

Hulk Hogan huddles with his legal team as he appears in court. (AP Photo)
The embattled online media company Gawker Media has hired an investment banker to explore its options, including a possible sale.
Two months ago, Gawker lost a $140 million invasion-of-privacy suit against Hulk Hogan over a sex tape of the wrestler that the site posted online. It emerged this week that Silicon Valley billionaire Peter Thiel was behind the suit . He told The New York Times that he has bankrolled lawyers to