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Hulk Hogan, Gawker and maybe a billionaire go to the mat

Hulk Hogan, Gawker and maybe a billionaire go to the mat

Is Hulk Hogan's courtroom cage match with Gawker being bankrolled by a high-tech billionaire with a grudge against the news-and-gossip site?

Two months after Hogan won a $140 million invasion-of-privacy verdict against Gawker for posting a sex tape of him, news reports say the pro wrestler is secretly backed by Silicon Valley venture capitalist Peter Thiel.

Thiel, who co-founded PayPal and was an early investor in Facebook, was outed as gay by a Gawker-owned website in 2007, and the Gawker empire has run a number of stories skewering Facebook.

Legal experts say there is nothing illegal — or even unethical — about someone financing a lawsuit. There are...

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