Thiel Makes a Bid for, a Site He Helped Bankrupt

Peter Thiel, the technology billionaire, submitted a bid this week to purchase, 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. 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 coming weeks, if representatives of do not take the site off the market.

“There are going to be multiple factors to consider, which will not be solely economic,” said Will Holden, the administrator of Gawker’s bankruptcy plan.



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