Gawker Lawsuit Becomes Battle of the Silicon Valley Billionaires
- EBay founder’s group opposes suit backed by PayPal co-founder
- Omidyar’s First Look Media is seeking to join the lawsuit
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First Look Media, a news organization founded by Silicon Valley billionaire Pierre Omidyar, said it’s seeking to join a lawsuit in support of Gawker Media LLC in the high-profile case brought by wrestler Hulk Hogan.
Peter Thiel, another technology billionaire and co-founder of PayPal, said this week that he’s helping finance Hogan, whose real name is Terry Bollea, and other plaintiffs suing Gawker. A jury found in favor of Bollea in March, and the New York media company was ordered to pay $140 million.