Confirming Denton’s suspicions, PayPal founder and Silicon Valley mogul Peter Thiel came forward as Hogan’s benefactor Wednesday, a move that sparked a swirl of conversation about ethics and expensive litigation and the lengths billionaires will go to for a grudge. Who is Peter Thiel? What was once a whispered rumor of an anonymous backer financing Hogan’s case has, over the past two days, turned wholly concrete. Gawker appealed for a new trial but a Florida judge denied the appeal, which brings us to today, when Denton is said to be pondering whether to sell the business in order to keep it afloat. He sued, and earlier this March, a Florida court issued a verdict in his favor, awarding him a whopping $140 million in damages. The Basics In 2012, Gawker, the gossip site, published an excerpt of a sex tape putatively belonging to one Terry Bollea, alias Hogan. You can already count this one among the marquee scandals of the year. As the bitter litigation drags on, Gawker Media honcho Nick Denton is said to be exploring a sale, and according to the Financial Times, one of the potential bidders is the owner of trade Women’s Wear Daily. ![]() And suddenly, it came knocking down fashion’s doors. Despite its powerful players, it seemed like a brouhaha that was taking place far far away from the world of fashion, over there in the nerdy lands of media and tech. It’s the legal battle that has taken over your Twitter feed: the face-off between pro wrestler Hulk Hogan and Gawker Media, which has now transmogrified into the clash between billionaire Peter Thiel and Gawker Media.
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