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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 ]
Thiel said he was motivated to sue Gawker after they published a 2007 article publicly outing him, headlined "Peter Thiel is totally gay, people." Thiel stated that Gawker articles about others, including his friends, had "ruined people's lives for no reason," and said, "It's less about revenge and more about specific deterrence."
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 ...
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 ...
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 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 ...
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.
Pierre Omidyar is filing a "friend of the court" brief and is trying to rally other media organizations around Gawker's cause. Finally, a Silicon Valley billionaire is standing up to Peter Thiel ...