- BuzzFeed reports that lawyers for influential billionaire Peter Thiel are objecting to him being left out of the sale process for Gawker.com, indicating possible interest from Thiel to bid on the domain and its archive of articles.
- Peter Thiel financed wrestler Hulk Hogan’s lawsuit against Gawker Media, eventually forcing it into a 2016 bankruptcy and a fire sale to Univision.
- If Thiel ends up being allowed to bid on Gawker.com and wins the auction, he would get the site’s archives, branding, and social media accounts.
It looks like controversial billionaire Peter Thiel, a Facebook board member and Donald Trump’s biggest supporter in Silicon Valley, might be interested in buying Gawker.com — the news site he helped force into bankruptcy.
In October 2017, the The Wall Street Journal reported that Gawker bankruptcy plan administrators were looking to sell the Gawker.com domain, and were searching for buyers.
The problem, it seems, is that Thiel’s lawyers believe he’s being unfairly excluded from the bidding process, and that the sale should be paused until the matter is resolved. This is according to a bankruptcy court filing made on Wednesday by Thiel’s lawyers, which was reviewed by BuzzFeed News.
This objection would seem to signal that Thiel is interested in bidding on Gawker.com and its assets, which would include its archive of articles, its branding, and its social media accounts. Any potential owner would be free to delete the Gawker.com archives.
Representatives for Thiel and the Gawker bankruptcy plan administration did not immediately respond to a request for comment.
Hulk Hogan, the wrestler whose real name is Terry Bollea, was awarded $140 million in damages in March Read More Here