just because someone put in a bid, it doesn't mean that the owner of the assets have to sell to the highest bid. In this case, why does the owner have to sell to Thiel just because he has the highest bid?
gawker's remaining assets are being auctioned off by a bankruptcy administrator.
if you're selling your own property because you want to, you can set whatever terms you want, but when you go into bankruptcy because you can't pay your debts (the judgement against you, in this case), you're no longer in full control of what happens.
that said, it looks like the bankruptcy administrator is trying to block thiel's purchase, and maybe there's some grounds for that, unrelated to the interests of the previous owners.
if you're selling your own property because you want to, you can set whatever terms you want, but when you go into bankruptcy because you can't pay your debts (the judgement against you, in this case), you're no longer in full control of what happens.
that said, it looks like the bankruptcy administrator is trying to block thiel's purchase, and maybe there's some grounds for that, unrelated to the interests of the previous owners.