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Thiel Makes a Bid for Gawker.com, a Site He Helped Bankrupt
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 coming weeks, if representatives of Gawker.com do not take the site off the market.
Previously: Hulk Hogan's Sex Tape and a Tech Billionaire's Revenge on Gawker
Gawker Files for Chapter 11; Won't Pay Hulk Hogan and Peter Thiel
Peter Thiel Wants to Buy Gawker!
(Score: 3, Informative) by Apparition on Monday January 15 2018, @03:59AM (2 children)
A few weeks, Kickstarter recommended the Save Gawker Kickstarter campaign [kickstarter.com] to me. After laughing out loud for a good couple of minutes, I looked into it. Apparently, a group of a bunch of former Gawker Media employees got together to attempt to crowdfund a bid to "save" Gawker. Thankfully, the Kickstarter campaign failed with flying colors. Less than one-fifth of the posted initial goal was raised, and many of those that did contribute only contributed $1 just to trash talk Gawker in the Kickstarter campaign's comments section.
Here's hoping that Mr. Peter Thiel manages to finish the job.
(Score: 3, Funny) by takyon on Monday January 15 2018, @04:12AM
They should have launched it on Indiegogo. You can select a "flexible funding" option where Indiegogo takes a larger cut, but you get to keep all the money raised even if your campaign is unsuccessful, so you can blow it at the bar. Such as Raines Law Room at 48 W 17th St, New York, NY 10011, a 2 minute walk from Gawker's HQ.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 0) by Anonymous Coward on Monday January 15 2018, @05:26PM
you really belong to your shithole country