Billionaire Peter Thiel submits bid to buy Gawker.com, a site he helped bankrupt - 2018-01-12

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F94.png Billionaire Peter Thiel submits bid to buy Gawker.com, a site he helped bankrupt January 12, 2018, Michael M. Grynbaum, New York Times, Toronto Star

Peter Thiel, the technology billionaire, submitted a bid this week to purchase Gawker.com, the remaining unsold property from the Gawker Media gossip empire that was nearly destroyed in 2016 by a lawsuit largely bankrolled by Thiel.

If approved, the acquisition could be the last step in a yearslong effort by Thiel to finish an independent journalism outfit that angered him in 2007 when it reported, without his permission, that he is gay, a fact widely known at the time in Silicon Valley.

Gawker.com has received other offers, and it is not clear if Thiel, a co-founder of PayPal and an early investor in Facebook, will prevail. A winning bid is expected to be announced in the coming weeks, if representatives of Gawker.com do not take the site off the market.

Wikipedia cite:
{{cite news | first = Michael M. | last = Grynbaum | title = Billionaire Peter Thiel submits bid to buy Gawker.com, a site he helped bankrupt | url = https://www.thestar.com/business/2018/01/12/billionaire-peter-thiel-submits-bid-to-buy-gawkercom-a-site-he-helped-bankrupt.html | work = New York Times | publisher = Toronto Star | date = January 12, 2018 | accessdate = May 16, 2020 }}