Quantcast
Connect with us

Peter Thiel may be laying the groundwork to buy Gawker after his clandestine legal effort to destroy the publication

Published

on

Silicon Valley investor Peter Thiel may be attempting to buy the now-defunct news site Gawker.com after clandestinely financing the legal effort that brought down its Gawker Media parent company.

BuzzFeed News reports that lawyers for Thiel have objected to the sale process for Gawker.com, contending the Silicon Valley billionaire has been unfairly excluded from bidding for the assets.

ADVERTISEMENT

Gawker’s sister sites were sold to Univision for $135 million, but the bankruptcy administrator has been unable to find a buyer for the flagship website.

“In light of the Plan Administrator’s refusal to allow Mr. Thiel to participate in the sale process, Mr. Thiel’s counsel requested that the Plan Administrator agree to pause the ongoing sale process so that a sale of the assets is not consummated until the issues concerning the Plan Administrator’s blockade of Mr. Thiel as a bidder are resolved,” the filing reads.

Thiel founded PayPal and was the first major Facebook investor. He also backed Republican Donald Trump from president in 2016.

As BuzzFeed notes, if Thiel were to buy Gawker.com, he would have the right to delete any and all stories in the archive.

Also on Tuesday, Reuters reported that Thiel sold 160,805 shares in Facebook for approximately $29 million.

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Joni Ernst accused of involvement in ‘dark money’ re-election scheme: report

Published

on

According to a report from the Associated Press, Sen. Joni Ernst (R-IA) has been accused of illegally working with an outside group to help her re-election prospects in a tough 2020 fight with Donald Trump on the ballot.

According to AP: "An outside group founded by top political aides to Sen. Joni Ernst has worked closely with the Iowa Republican to raise money and boost her reelection prospects, a degree of overlap that potentially violates the law."

'Iwa Values, a political nonprofit that is supposed to be run independently, was co-founded in 2017 by Ernst’s longtime consultant, Jon Kohan. It shares a fundraiser, Claire Holloway Avella, with the Ernst campaign," the report continued. "And a condo owned by a former aide — who was recently hired to lead the group — was used as Iowa Values’ address at a time when he worked for her."

Continue Reading

Breaking Banner

Mike Pompeo under increasing scrutiny as as Trump impeachment ramps up: report

Published

on

On Saturday, WVAS Radio's Scott Simon profiled Secretary of State Mike Pompeo — and how the impeachment investigation is shaping his political situation.

"As the impeachment inquiry against President Trump continues its march through Congress, questions are churning around his secretary of state, Mike Pompeo," wrote Simon. "For example, did he know, as witnesses testified before House investigators, that President Trump sought political favors from Ukraine in exchange for millions in U.S. assistance? Why did he take days to reveal he was on the now infamous July 25 call between Trump and Ukrainian President Volodymyr Zelenskiy? And does he believe allies of the president who — despite the findings of the intelligence community — claim that Ukraine, not Russia, interfered in the 2016 election?"

Continue Reading
 

Breaking Banner

World leaders mocked Trump because they’re tired of his ‘center of attention’ act: MSNBC guest

Published

on

During an MSNBC segment on President Donald Trump's abrupt departure from NATO talks in London after video was released of world leaders making fun of him, an MSNBC guest said those same leaders have become tired of his act.

Speaking with host David Gura, the LA Times Eli Stokols said international diplomats have realized there is no dealing with the president who is in his own world and just wants attention..

"Your colleague had a great line: 'This is a president who views norms like a teenager views curfews,'" Gura began.

"Well, he likes going to these things and blowing them up and being the center of attention," Stokols replied.

Continue Reading