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Peter Thiel Is Now Bidding on Gawker.com (reuters.com)

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.

1 of 132 comments (clear)

  1. Re: Maybe... by Anonymous Coward · · Score: 0, Offtopic

    News flash, the entire world has already fought countless wars trying to GET RID of tyrants who did exactly what trump is doing right now. Specifically, convincing the gullible populace that HE is the only reliable source of information. And the brainless trumpflakes who voted for that shitbag are all too happy to slurp it up, because they're too ignorant to recognize the exact same historical pattern repeating itself all over again.

    News flash #2, trumpigula is a lying son of a bitch who should be strung up like the traitor he is. He's not only a traitor to this country, he is a traitor to all of humanity.