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| Tampa Bay - Hulk Hogan had a secret financial backer in his legal fight against Gawker Media for invasion of privacy. Peter Thiel, a billionaire entrepreneur and philanthropist, helped fund the case brought by the wrestler, Terry Gene Bollea, better known as Hulk Hogan, against Gawker, said a person briefed on the arrangement who spoke on the condition of anonymity. Thiel, a co-founder of PayPal and one of the earliest investors in Facebook, privately agreed to help pay the expenses of Bollea’s legal team, this person said. A self-described libertarian, Thiel has a long history with Gawker, which published an article in 2007 outing him as gay. Thiel, who is now open about his sexual orientation, once described the Gawker-owned site Valleywag as “the Silicon Valley equivalent of al-Qaida.” There is nothing illegal about funding such legal cases; there is an entire industry known as litigation finance that often helps invest in and financially support lawyers working on contingency in small and large cases. It is not common for a lawsuit to be backed by a third party that may have other motives. |
Yup
I'd say it'd be sad to lose deadspin but that site's been in lockstep with the rest of the dirtbags at gawker for sometime now.
I suspect Theil will be behind him.