Thiel, who co-founded PayPal and was an early investor in Facebook, was outed as gay by a Gawker-owned website in 2007, and the Gawker empire has run a number of stories skewering Facebook.
Hogan's lawyers wouldn't comment on the Thiel story but praised the judge for denying a new trial and accused Gawker of refusing to accept responsibility for "their reprehensible behavior and method of doing what they call journalism."
Gawker reacted to the reports by saying: "There are very serious questions about whether Hulk Hogan financially benefited, and this case is far from over."
In a 2009 interview, Thiel called Valleywag "the Silicon Valley equivalent of al-Qaida" and said it relies on people who "should be described as terrorists, not as writers or reporters."
The attack spurred speculation that Thiel was still angry about a Valleywag report two years earlier about his sexuality.
Others believe Thiel may have been far more upset about Valleywag's stories mocking Facebook founder Mark Zuckerberg and questioning the social network's value before it went public in 2012.