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Billionaire Peter Thiel Helped Bankrupt Gawker. Now He May be Looking to Buy it

November 23, 2017, 2:06 AM UTC

Venture capitalist Peter Thiel may be looking to buy online news site, BuzzFeed said on Wednesday.

Thiel‘s lawyers have objected to the currently ongoing sale process of, saying that he has been prohibited unreasonably from bidding for the website’s assets, the internet media company reported, citing a federal bankruptcy court filing.

Thiel, who is Facebook‘s (FB) first major investor and a co-founder of payment service PayPal (PYPL), is known for funding the Hulk Hogan lawsuit that led to the shutdown of Gawker. The site published an article in 2007 about Thiel‘s homosexuality.

He may buy the defunct website to stop any legal threats against him or to remove content, BuzzFeed reported.