Pierre Omidyar, the founder of eBay and the online news group First Look Media, has indicated he was willing to help Gawker’s defense. He was also an early investor in Facebook and has been active in venture investing in Silicon Valley. German-born Thiel was a founder of the online payments firm PayPal, and served as its CEO before it was sold to eBay. “It’s less about revenge and more about specific deterrence,” Thiel told The New York Times. Thiel said last month he was working with lawyers to find and help “victims” of Gawker Media, whose Valleywag site in 2007 revealed he is homosexual. “The best defense against speech that you don’t like about yourself as a public figure is to develop a thick skin,” Bezos told a tech conference last month. Amazon founder Jeff Bezos, who also owns The Washington Post, said it was wrong for public figures like Thiel to seek revenge. Why A Silicon Valley Billionaire Wants To Put Gawker Out Of Business Gawker's Nick Denton is at the eye of the storm as his media company faces legal threats financed by a Silicon Valley billionaire. The revelations on Thiel’s involvement last month provoked outrage by some in the media and Silicon Valley. Gawker's Nick Denton is at the eye of the storm as his media company faces legal threats financed by a Silicon Valley billionaire. The sites have a total global readership of 90 million, according to the company. “Our sites will thrive-under new ownership-and we’ll win in court.” Gawker Media’s other blogs include the women-focused Jezebel, tech-oriented Gizmodo and sports site Deadspin. “Even with his billions, Thiel will not silence our writers,” Denton said in a tweet. Valley investor acknowledged that he secretly financed Hulk Hogans lawsuit against Gawker Media in an effort to put the news website out of business. Gawker founder Nick Denton appeared to dig in his heels in the feud with Thiel. “Gawker Media Group is putting its properties up for sale after a coordinated barrage of lawsuits intended to put the company out of business and deter its writers from offering critical coverage,” the statement said. The deal calls for acquisition of the website Gawker as well as other brands including Gizmodo, Deadspin and Lifehacker. Getty Images Goldberg tried to relaunch the site two years later under Carson Griffith, but. Ziff-Davis known for its PC Magazine among others, is part of the j2 Global digital media group. Wrestler Hulk Hogan put Gawker out of business when he won a 140 million judgment against the site.
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