Thursday, May 26, 2016 | 9:05 a.m.
NEW YORK — 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. Silicon Valley billionaire Peter Thiel told The New York Times that he has bankrolled lawyers to mount cases against Gawker.
Gawker said Thursday that it expects to prevail in an appeal of the verdict and that it's always said it is exploring contingency plans. The company would not say when the banker, Mark Patricof of Houlihan Lokey, was hired.
The Wall Street Journal and the New York Post earlier reported that Gawker was interested in a sale.
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