Peter Thiel reportedly wants to purchase Gawker’s assets

Peter Thiel, a venture capitalist who secretly bankrolled a lawsuit that led to the shutdown of Gawker in 2016, is reportedly making a bid to buy some of the online news site’s assets.

Univision Holdings purchased most of Gawker’s assets for $135 million in 2016, but the site’s domain names and nearly 200,000 archived articles are still up for sale, Reuters reported, citing people familiar with the matter.

And Thiel apparently still has an axe to grind with Gawker, which has published stories about the venture capitalist.

The early Facebook investor and PayPal co-founder once referred to Gawker-owned site Valleywag as “the Silicon Valley equivalent of Al Qaeda.”

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In 2007, the blog published a story about Thiel titled “Peter Thiel is totally gay, people,” which revealed the venture capitalist’s sexual orientation.

Thiel then help fund a lawsuit retired professional wrestler Hulk Hogan filed against Gawker, The New York Times reported. The lawsuit alleged the company invaded Hogan’s privacy by publishing a sex tape in 2012. A jury awarded Hogan, who is also known as Terry Gene Bollea, $140 million in March 2016.

The purchase of Gawker’s assets would allow Thiel to “take down stories regarding his personal life that are still available on the website, and remove the scope for further litigation between him and Gawker,” Reuters reported.

The amount of the bid has not been disclosed. Still, Thiel might not get what he wants.

Gawker’s bankruptcy plan administrator and the website’s bankruptcy attorney have tried to block the bid.

SiliconBeat reached out to a spokesman for Thiel, but did not immediately receive a response.

Photo Credit: Peter Thiel delivers a speech at the Republican National Convention on July 21, 2016 at the Quicken Loans Arena in Cleveland, Ohio. (Alex Wong/Getty Images)

 

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  • Bopper

    So what does this jerk want to do with the assets? Comb through Gawker’s archives to see if he can find articles/posts worthy of a libel suit? I really can’t stand this guy.

 
 
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