Peter Thiel Is Now Bidding on Gawker.com
Peter Thiel Is Now Bidding on Gawker.com
Published on January 13, 2018 at 11:49PM
An anonymous reader writes: Its official. "Venture capitalist Peter Thiel has made an offer for Gawker," reports Reuters, adding that the potential acquisition "would let him take down stories regarding his personal life that are still available on the website, and remove the scope for further litigation between him and Gawker." It was Thiel's 2016 lawsuit which bankrupted the site, prompting a Washington Post blogger to write that Thiel "killed Gawker once. Now it looks like he may kill it again." Elsewhere the Washington Post argues the whole episode "highlighted the immense legal risk borne by news outlets already facing a precarious financial reality in the digital age." The Post's blogger describes Thiel as "a billionaire leveraging his wealth to obliterate a media outlet...as part of a personal vendetta." Last month former Gawker staffers attempted to crowdfund the purchase and relaunch of Gawker.com as a nonprofit media organization. But their 1,496 backers only pledged $89,844, far short of the campaign's $500,000 target.
Published on January 13, 2018 at 11:49PM
An anonymous reader writes: Its official. "Venture capitalist Peter Thiel has made an offer for Gawker," reports Reuters, adding that the potential acquisition "would let him take down stories regarding his personal life that are still available on the website, and remove the scope for further litigation between him and Gawker." It was Thiel's 2016 lawsuit which bankrupted the site, prompting a Washington Post blogger to write that Thiel "killed Gawker once. Now it looks like he may kill it again." Elsewhere the Washington Post argues the whole episode "highlighted the immense legal risk borne by news outlets already facing a precarious financial reality in the digital age." The Post's blogger describes Thiel as "a billionaire leveraging his wealth to obliterate a media outlet...as part of a personal vendetta." Last month former Gawker staffers attempted to crowdfund the purchase and relaunch of Gawker.com as a nonprofit media organization. But their 1,496 backers only pledged $89,844, far short of the campaign's $500,000 target.
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