Thursday, October 11, 2012

Bain Capital Asked To Invest In Gawker - Business Insider

Awkward.

Mike Griffin, an analyst at Bain Capital, emailed Gawker's Nick Denton about a possible partnership. In his email, Griffin thought it would be a fruitful venture to?explore "synergies between Gawker and Bain Capital Ventures and...find ways that we could be helpful as you continue to grow."

What he didn't realize is that Gawker published hundreds of?pages of Bain Capital's confidential financial records, some of which revealed that?Bain employed a?potentially illegal?tax dodge currently?under investigation?by the New York Attorney General.

Gawker's John Cook called Griffin to ask if he was familiar with Gawker's reporting on Bain, and he was not.

"I've been working here for like a week now," Griffin told Gawker. "I just thought it was a unique idea. We work with a lot of similar companies. I had no idea about the [Bain stories]. I'm not sure it would work out. This is awkward."

Here's the text of the email:

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Gawker is the high-brow gossip sheet covering media, entertainment, politics and technology.

Source: http://www.businessinsider.com/bain-capital-asked-to-invest-in-gawker-2012-10

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