By Benjamin Horney ( May 26, 2016, 4:20 PM EDT) -- Gawker is exploring strategic options including a potential sale, Reuters reported on Thursday, as the popular online outlet seeks ways to stay afloat after motions for a new trial were recently denied in its case with Hulk Hogan over snippets of a sex tape the wrestler made. According to the report, at least one entity has already expressed interest, and a deal could be worth between $50 million and $70 million. A separate report from the Wall Street Journal said that Gawker has hired a Houlihan Lokey investment banker to assist in the exploration of strategic options. Meanwhile, various reports in recent days have said that venture capitalist Peter Thiel, co-founder of PayPal, has been secretly bankrolling Hogan's suits....
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