Peter Thiel Confirms He Funded Hulk Hogan's Gawker Lawsuit

Peter Thiel, the billionaire co-founder of PayPal and high-profile tech investor, confirmed reports that he paid $10 million to finance professional wrestler Hulk Hogan's lawsuit against media company Gawker.

In an interview with the New York Times published Wednesday, Thiel said he wanted to "fight back" against the type of articles Gawker publishes, which he described as "very painful and paralyzing for people who were targeted" — himself included.