logo
logo

Silicon Valley tycoon Peter Thiel has reportedly been bankrolling wrestler Hulk Hogan's lawsuits against online US website Gawker Media.

avatar
Charles Gilbert

Thiel, an early backer of Facebook and a co-founder of PayPal, played a lead role in underwriting Hogan's privacy case, according to a report in Forbes.

Mr Hogan, real name Terry Bollea, won a $140m jury verdict against Gawker in March after it published a sex tape.

Gawker founder Nick Denton is from London

But Gawker founder Nick Denton, who is from Hampstead, London, told the New York Times on Tuesday he had a "personal hunch" someone in Silicon Valley was financing Hogan's legal action.

Mr Thiel - who also founded a hedge fund and venture capital firm - has not yet issued a statement on the matter, but he has previously criticised Gawker.

In 2007, Gawker published an article headlined: "Peter Thiel is totally gay, people."

In 2009, Mr Thiel said former Gawker publication Valleywag was "the Silicon Valley equivalent of al Qaeda".

collect
0
avatar
Charles Gilbert
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.