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Thiel Makes a Bid for Gawker.com, a Site He Helped Bankrupt [The New York Times]

FACEBOOK (FB)  More Company Research Source: The New York Times
Last facebook earnings: 4/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
PDF Photo Peter Thiel financially backed a 2016 lawsuit against Gawker Media that led to the company’s sale at a bankruptcy auction. The buyer, Univision, abandoned the website, which has remained static since 2016. Credit Andrew White for The New York Times Peter Thiel, the technology billionaire, submitted a bid this week to purchase Gawker.com, the remaining unsold property from the Gawker Media gossip empire that was nearly destroyed in 2016 by a lawsuit largely bankrolled by Mr. Thiel. If approved, the acquisition could be the last step in a yearslong effort by Mr. Thiel to finish an independent journalism outfit that angered him in 2007 when it reported, without his permission, that he is gay, a fact widely known at the time in Silicon Valley. Gawker.com has received other offers, and it is not clear if Mr. Thiel, a co-founder of PayPal and an early investor in Facebook, will prevail. A winning bid is expected to be announced in the [Read more]

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