Silicon Valley and media insiders were buzzing last night about the explosive report in Forbes that the legendary investor had financially backed wrestler Hulk Hogan's lawsuit against Gawker. But details are still scant: Thiel isn't talking (and didn't show up at an event thrown by his Founders Fund last night), Hogan's lawyer Charles Harder didn't respond to requests for comment from Fast Company and Thiel's arrangement is protected by a confidentiality agreement, reports the New York Times.
Lawyers for Gawker and Hogan (aka Terry Bollea) are due in court this week, as the site appeals a recent judgment against it in Florida court, which awarded Hogan $140 million. Thiel, who was outed as gay by Gawker in 2007, has called one of its sites, Valleywag, "the Silicon Valley equivalent of al Qaeda." MB