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  • SAO PAULO, June 20- Oi SA filed for Brazil's largest ever bankruptcy protection on Monday after the country's No. 1 fixed-line phone carrier ran out of time to reorganize operations and restructure 65.4 billion reais of debt amid a harsh recession. The petition for bankruptcy protection from Oi, Brazil's fourth-biggest mobile provider, and six subsidiaries...

  • Oi SA signage is displayed outside of a retail store in Rio de Janeiro, Brazil, on Wednesday, Oct. 2, 2013.

    Oi and six subsidiaries filed for bankruptcy protection after failed to shareholder support for a $19.3B debt restructuring.

  • SAO PAULO, June 20- Oi SA, Brazil's largest fixed-line phone carrier, plans to maintain its operations, management and workforce at normal levels once a bankruptcy court approves a plan to seek creditor protection.

  • SAO PAULO, June 20- Oi SA, Brazil's largest fixed-line phone carrier, and six subsidiaries filed for bankruptcy protection on Monday after OI failed to win the support of key shareholders for a plan to restructure 65.4 billion reais of debt. The petition is Brazil's largest ever, according to Thomson Reuters data. Concern over a looming bankruptcy plan gained...

  • SAO PAULO, June 20- Brazil's largest fixed line telecommunications company, Oi SA and six subsidiaries, filed for bankruptcy protection in a Rio de Janeiro court on Monday, after the country's most indebted phone carrier failed to garner the support of key shareholders for a plan to restructure 65.4 billion reais of debt. Apart from Rio de Janeiro- based Oi, the...

  • SAO PAULO, June 20- Oi SA and six subsidiaries filed for bankruptcy protection in a Rio de Janeiro court on Monday, after Brazil's most indebted phone carrier failed to reach an agreement with creditors to restructure 65.4 billion reais in obligations.

  • NEW YORK, June 15- A U.S. bankruptcy judge on Wednesday approved Gawker Media LLC's request to borrow $22 million from an affiliate of buyout firm Cerberus Capital Management LP to help fund the online publisher through its court-supervised auction. Gawker filed for bankruptcy last week, with an agreement from publisher Ziff Davis LLC to buy it for $90 million...

  • *Creditors say $11.4 billion in lawsuits should proceed. But that asset is threatened by imminent judgments in New York and Delaware courts from lawsuits filed by several hedge funds, which are also creditors in the bankruptcy, against the Caesars parent seeking a total of $11.4 billion. "The evidence remains undisputed," CEOC lawyer David Zott said in closing...

  • NEW YORK, June 13- Gawker Media LLC asked a U.S. bankruptcy court judge on Monday for permission to borrow up to $22 million from an affiliate of buyout firm Cerberus Capital Management LP to help it through its sale process, according to a court filing. Media company Ziff Davis LLC has entered into an agreement to buy Gawker for $90 million, setting the floor for an...

  • Supreme Court: Puerto Rico can't pass bankruptcy law

    CNBC's Hampton Pearson on what's breaking from the Supreme Court this morning.

  • NEW YORK/ ST. PETERSBURG, Fla., June 10- Gawker Media LLC, an online publishing pioneer, filed for Chapter 11 bankruptcy and put itself up for sale on Friday after a $140 million court judgment against it in a lawsuit brought by former professional wrestler Hulk Hogan over a sex tape. The move followed revelations that Hogan's lawsuit, along with several others...

  • NEW YORK/ ST. PETERSBURG, Fla., June 10- Gawker Media LLC, the online publisher ordered by a U.S. court to pay former professional wrestler Hulk Hogan $140 million over the publication of a sex tape, filed for Chapter 11 bankruptcy on Friday and plans to sell itself at auction. The move will intensify public debate in the United States over the role of big money in media...

  • June 10- Gawker Media LLC. *Says its estimated liabilities are worth $100 million to $500 million. *Says its estimated assets are worth between $50 mln- $100 mln.

  • NEW YORK/ ST. PETERSBURG, Fla., June 10- Gawker Media LLC, the online publisher ordered by a U.S. court to pay $140 million to former wrestler Hulk Hogan over the publication of a sex tape, filed for Chapter 11 bankruptcy protection on Friday and is planning to put itself up for sale. The move will intensify public debate in the United States over the role of big money in...

  • Gawker reaches purchase agreement with Ziff Davis

    CNBC's Dominic Chu reports the latest on Gawker Media's bankruptcy filing.

  • Nick Denton, founder and CEO of Gawker Media.

    Gawker Media has filed for bankruptcy protection and says it eventually plans to find a new owner for the company. Recode reports.

  • Nick Denton, founder of Gawker, talks with his legal team before Terry Bollea, aka Hulk Hogan, testified against Gawker Media at the Pinellas County Courthouse on March 8, 2016, in St Petersburg, Florida.

    Gawker Media filed for Chapter 11 bankruptcy protection in New York on Friday.

  • Nick Denton, founder of Gawker, talks with his legal team before Terry Bollea, aka Hulk Hogan, testified against Gawker Media at the Pinellas County Courthouse on March 8, 2016, in St Petersburg, Florida.

    CNBC's Julia Boorstin reports the latest in the story of Gawker Media filing for bankruptcy.

  • June 10- Gawker Media LLC, the online publisher ordered by a U.S. judge to pay $140 million to former wrestler Hulk Hogan over the publication of a sex tape, filed for Chapter 11 bankruptcy protection on Friday and is planning to put itself up for sale. Media company Ziff Davis LLC has entered into an agreement to buy Gawker in a bankruptcy auction for a little less...

  • Gawker Media said its assets are estimated to be worth $50 million to $100 million, whereas its liabilities are estimated to be between $100 million and $500 million.