PayPal co-founder Peter Thiel said to fund Hulk Hogan's Gawker lawsuit
by Nellie Bowles in San Francisco from Technology | The Guardian on (#1EXFC)
The billionaire investor, who has a difficult history with the site's tech branch, is paying the legal bills for the ex-wrestler in his sex-tape lawsuit, Forbes reports
Billionaire Silicon Valley investor Peter Thiel is secretly funding lawsuits to financially ruin journalist Nick Denton and his media empire Gawker, according to a new report from Forbes.
Thiel - who co-founded PayPal, was an early investor in Facebook and has an estimated wealth of $2.7bn - is allegedly paying the legal bills for former wrestler Hulk Hogan's fight against Gawker. Hogan, who sued Gawker for posting a clip from a sex tape, was recently awarded $115m, a decision Denton is appealing.