Evening Washington
Sunday, April 11, 2021
  • Africa
  • Asia
  • Europe
  • latest news
  • USA News
  • World
  • Other
    • TECH
    • Health
    • Fashion
    • Sports
    • Business
No Result
View All Result
  • Africa
  • Asia
  • Europe
  • latest news
  • USA News
  • World
  • Other
    • TECH
    • Health
    • Fashion
    • Sports
    • Business
No Result
View All Result
Evening Washington
No Result
View All Result
Home USA News

Report: Peter Thiel Sells Facebook Stake, Wants to Buy Gawker

admin by admin
November 24, 2017
in USA News
0
Report: Peter Thiel Sells Facebook Stake, Wants to Buy Gawker
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Trump Tells Supporters He Will ‘Never Concede’

Ivanka Trump questioned over inauguration funds ‘misuse’

Steve Jennings / Getty

byCharlie Nash23 Nov 20170

23 Nov, 201723 Nov, 2017

PayPal co-founder and Trump ally Peter Thiel has sold the majority of his stake in Facebook and reportedly seeks to purchase the remains of Gawker.

According to Reuters, Thiel, who was Facebook’s first major investor, “has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan, a regulatory filing showed.”

“Thiel, who is a member of Facebook’s board had already sold more than $1 billion worth of its stock before the filing made on Tuesday,” they claimed, adding, “he had sold another 160,805 shares for about $29 million, leaving his holdings at 59,913 Class A shares in the company.”

This week, it was also reported that Thiel is looking to purchase the remains of Gawker.com, which he helped destroy after funding former professional wrestler Hulk Hogan’s lawsuit against the company.

Gawker Media was ordered to pay over $140 million to Hogan after they published excerpts of his sex tape, which resulted in Gawker Media’s sale and its flagship website shutting down.

“Gawker bankruptcy plan administrators were looking to sell the Gawker.com domain, and were searching for buyers,” reported Business Insider on Wednesday. “The problem, it seems, is that Thiel’s lawyers believe he’s being unfairly excluded from the bidding process, and that the sale should be paused until the matter is resolved. This objection would seem to signal that Thiel is interested in bidding on Gawker.com and its assets, which would include its archive of articles, its branding, and its social media accounts. Any potential owner would be free to delete the Gawker.com archives.”

Following Gawker’s death, Thiel claimed his hand in the destruction was “one of my greater philanthropic things that I’ve done.”

Thiel backed Hogan’s lawsuit after Gawker outed him as a gay man in 2007.

Charlie Nash is a reporter for Breitbart Tech. You can follow him on Twitter @MrNashington and Gab @Nash, or like his page at Facebook.

Original Article

Breitbart

ShareTweetPin
admin

admin

Related Posts

Trump Tells Supporters He Will ‘Never Concede’

Trump Tells Supporters He Will ‘Never Concede’

by admin
January 6, 2021
0

U.S. President Donald Trump addressed thousands of supporters Wednesday in Washington, insisting he will "never concede" as lawmakers gather on...

Ivanka Trump questioned over inauguration funds ‘misuse’

Ivanka Trump questioned over inauguration funds ‘misuse’

by admin
December 3, 2020
0

President Trump's daughter Ivanka has been questioned under oath over claims that not-for-profit funds were misused at Mr Trump's inauguration...

Fauci to Discuss Coronavirus Pandemic with Biden Transition Team

Fauci to Discuss Coronavirus Pandemic with Biden Transition Team

by admin
December 3, 2020
0

Dr. Anthony Fauci, the top U.S. infectious disease expert, is meeting virtually Thursday with President-elect Joe Biden’s transition team about...

US, Estonia Partnered to Search Out Cyber Threat From Russia

US, Estonia Partnered to Search Out Cyber Threat From Russia

by admin
December 3, 2020
0

WASHINGTON - In a modern twist on old-fashioned war games, the U.S. military dispatched cyber fighters to Estonia this fall...

Third Metallic Monolith Appears, This Time in Southern California

Third Metallic Monolith Appears, This Time in Southern California

by admin
December 3, 2020
0

A third metallic monolith has appeared. This time, it’s in California. Like its counterparts in Utah and Romania, no one...

Next Post
California DOJ Publishing New ‘Assault Weapons’ Regulations over Thanksgiving Holiday

California DOJ Publishing New ‘Assault Weapons’ Regulations over Thanksgiving Holiday

Nature Walks Nurture Family Bonds

Nature Walks Nurture Family Bonds

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sport

Winners and losers from men’s NCAA Tournament second-round games

Winners and losers from men’s NCAA Tournament second-round games

March 23, 2021
Mets retaining Luis Rojas as manager

Mets retaining Luis Rojas as manager

November 24, 2020
  • 22M Fans
  • 85 Followers
  • 113k Subscribers
  • 657 Followers
  • 23k Followers

MOST VIEWED

  • ‘Amphan’ may bring first flood of year in Assam: CWC

    ‘Amphan’ may bring first flood of year in Assam: CWC

    0 shares
    Share 0 Tweet 0
  • Playboy Model Marisa Papen Arrested For Dragging Cross In Front Of Vatican While Naked

    0 shares
    Share 0 Tweet 0
  • Russia Scores Gold In Women’s Figure Skating, Leaving USA Ladies Without Medals

    0 shares
    Share 0 Tweet 0
  • 11 Effortless Ways to Wear Adidas Pants Like a Street Style Pro

    0 shares
    Share 0 Tweet 0
  • Where to buy Bitcoin in the UK and how does it work

    0 shares
    Share 0 Tweet 0

CATEGORY

  • Africa
  • Asia
  • Business
  • Europe
  • Fashion
  • Health
  • latest news
  • Sports
  • TECH
  • Uncategorized
  • USA News
  • World

SITE LINKS

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • Landing Page
  • All Features
  • Get JNews
  • Contact

© 2020 eveningwashington.com.

No Result
View All Result
  • Africa
  • Asia
  • Europe
  • latest news
  • USA News
  • World
  • Other
    • TECH
    • Health
    • Fashion
    • Sports
    • Business

© 2020 eveningwashington.com.