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Thiel had reportedly wanted to bring Gawker down for having published an article nine years earlier which outed him as gay. [ 6 ] [ 7 ] The film then covers an incident where casino mogul Sheldon Adelson bought the Las Vegas Review-Journal , while keeping his identity as the buyer a secret, even to the journalists employed by the company. [ 8 ]
The cost of the lawsuit was partly funded by Peter Thiel, [72] whom Gawker had previously outed in 2007. [73] In January 2016, Gawker Media received its first outside investment by selling a minority stake to Columbus Nova Technology Partners. Denton stated that the deal was reached in part to bolster its financial position in response to the ...
Paypal co-founder Peter Thiel spent $10 million financing the lawsuit as retaliation for a 2007 Gawker story that outed him as gay. Affleck, 52, is rumored to be portraying Hogan in the movie ...
The verdict was the result of a lawsuit over Gawker’s publication of a sex tape featuring Hogan, but was funded by divisive Silicon Valley businessman Peter Thiel in retaliation to Gawker outing ...
Peter Thiel, the billionaire cofounder of PayPal, is one of tech's most public Conservatives. ... There was also his feud with Gawker, which some considered an attack on free speech. In 2007, the ...
Billionaire Peter Thiel paid Hogan's legal team $10 million, as he was angry at Gawker for an earlier story reporting that Thiel was gay. [ 35 ] [ 36 ] On March 18, 2016, the jury found in favor of Hogan and awarded him $115 million, which included $55 million in compensatory damages and $60 million for emotional distress.
The billionaire said he secretly financed Hulk Hogan's lawsuit against Gawker Media, in an effort to put the news website out of business. Peter Thiel on Gawker: 'If I didn't do something, nobody ...
Thiel's role came to light in the aftermath of the Bollea v. Gawker verdict, which awarded Bollea, known professionally as Hulk Hogan , $140 million after Gawker published a sex tape of him. Thomas contends that Thiel's sexuality was already "known to a wide circle", so his coverage did not constitute an outing.