Peter Thiel has made an offer to purchase Gawker, according to a Reuters report published Thursday. The venture capitalist has not revealed why he wants the now-inactive celebrity and media gossip site, though Reuters notes that should Thiel acquire Gawker, he’d have the ability to remove stories still accessible on the site. Thiel famously helped Terry Bollea, the former wrestler better known as Hulk Hogan, by bankrolling his lawsuit against Gawker in 2016 after the site published Hogan’s sex tape. The suit won Hogan a $140 million judgment against the site, which was later settled for $31 million, and ultimately shuttered the operation entirely. Thiel had long had animosity toward Gawker after the site outed him as gay in an article in 2007.

Source: Huffington Post January 11, 2018 21:30 UTC