PayPal co-founded Peter Thiel is offering to buy Gawker.com after funding Hulk Hogan's lawsuit against the company.
From The Hill: Billionaire PayPal co-founder and informal Trump adviser Peter Thiel has submitted an offer to buy Gawker.com after funding Hulk Hogan's lawsuit to shutter the company, Reuters reported Thursday.
People familiar with Thiel's offer told the news service only that Thiel had made a bid, but could not confirm the value. The website is now only worth a few million dollars, according to Reuters.
Gawker, which was shut down in 2016 after Thiel funded a lawsuit from Hogan.
Hogan, whose real name is Terry Bollea, won a $140 million judgement and later a $31 million settlement over the publishing of a sex tape excerpt.
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