Newsclip®: [Entertainment] Gawker outed this billionaire — now it could cost them $140M | New York Post

"A Silicon Valley billionaire who has been a target of Gawker.com secretly funded Hulk Hogan’s lawsuit against the site, which netted the wrestler a $140 million jury award, according to a new report. PayPal co-founder Peter Thiel, a venture capitalist who has called Gawker “the Silicon Valley equivalent of al Qaeda,” played a lead role in bankrolling Hogan’s legal action against the site, Forbes magazine reported. Gawker in 2007 tried to out Thiel before he revealed he is gay. The Florida lawsuit and trial over Gawker’s release of Hogan sex tapes had potential ramifications for celebrity privacy and journalism free-speech rights. Throughout the trial, there was speculation that Hogan’s legal efforts were being funded by a third party, and Forbes reported Tuesday that it was Thiel. Gawker founder Nick Denton speculated in an interview with the New York Times Tuesday about a Silicon Valley financial source, but didn’t name", nypost.com


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