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In Gawker fight, Hulk Hogan is backed by billionaire PayPal founder Thiel

In Gawker fight, Hulk Hogan is backed by billionaire PayPal founder Thiel

Hulk Hogan's courtroom cage match with Gawker has apparently been 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, the curtain has been pulled back to reveal that 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...

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