Peter Thiel makes offer to buy Gawker, the news site he helped bankrupt - 2018-01-12
Venture capitalist Peter Thiel has made an offer for Gawker, hoping to overcome legal hurdles and rival bidders for the site whose collapse the billionaire helped precipitate last year, people familiar with the matter said on Thursday.
Gawker's news site has been inactive for more than a year, after it was shut down following a massive lawsuit against it by wrestling star Hulk Hogan, which Thiel bankrolled. In 2007, Gawker revealed Thiel was gay.
Gawker is conducting an auction of its remaining assets, including its domain names and nearly 200,000 archived articles. Most of its assets, including its sister pages Deadspin and Jezebel were bought in 2016 for $135m by media company Univision Holdings.