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>> After bankrolling Hulk Hogan's lawsuit that put gossip news site Gawker out of business, PayPal co-founder Peter Thiel is now bidding to buy it. Gawker's been inactive for over a year after losing a $140 million lawsuit brought by the former pro wrestler over a sex tape Gawker published with Thiel picking up the lawyer's fees.
Thiel had an extra grind as Gawker wrote a story about him being gay in 2007, long before the Silicon Valley venture capitalist came out to the world. Reuters reporter Jessica DiNapoli.>> It's unclear exactly why he is bidding, but part of what is up for sale is the 200,000 articles in Gawker's archives.
Some of those articles are about personal details on Peter Thiel's life, so he would have access to them if he won. We believe he could potentially have the power to take them down. Gawker is auctioning off it's remaining assets, including domain names and nearly 200,000 archived articles. It's already sold sports site Deadspin and feminist blog Jezebel in 2016 for $135 million to media company Univision.
Gawker's bankrupcy plan administrator and the website's bankrupcy attorney have tried to block Thiel's bid according to court papers. One source told Reuters, a group of former Gawker employees this week abandoned their effort to bid. They had a kickstarter campaign to raise $500,000, but failed to reach their goal and have returned the money collected.