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Tech Industry

Peter Thiel funding Hulk Hogan's legal fight with Gawker?

The PayPal founder is footing the bill for a legal fight with an old foe, according to Forbes.

Steven Musil headshot
Steven Musil
May 24, 2016 6:09 p.m. PT
Steven Musil headshot

Steven Musil

Night Editor / News

Steven Musil is the night news editor at CNET News. He's been hooked on tech since learning BASIC in the late '70s. When not cleaning up after his daughter and son, Steven can be found pedaling around the San Francisco Bay Area. Before joining CNET in 2000, Steven spent 10 years at various Bay Area newspapers.

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Venture capitalist Peter Thiel speaks at Web Summit 2014 in Dublin.
Stephen Shankland/CNET

Hulk Hogan has some pretty big Silicon Valley muscle backing him in his legal battle against Gawker Media, according to Forbes.

The site reports that PayPal co-founder Peter Thiel is footing the legal bill for the former wrestler, aka Terry Bollea, who won more than $115 million in a Florida jury trial in March after claiming Gawker violated his privacy in 2012 when it published a sex tape involving him and the now-estranged wife of a friend. The report emerges a day after Gawker founder Nick Denton told The New York Times that he suspected a Silicon Valley financier might be serving as a benefactor for the former wrestler.

Denton and Thiel have a history of animosity stretching back at least a decade. In 2007, Denton's Gawker attempted to out Thiel, who is gay, before he was open about his sexuality. Two years later, Thiel told PEHub that Gawker's now-defunct Valleywag was "the Silicon Valley equivalent of Al Qaeda."

A Thiel representative did not immediately respond to a request for comment.

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