On Tuesday evening, the pair revealed that the powerful Silicon Valley billionaire Peter Thiel has been secretly underwriting Hulk Hogan s litigation against Gawker:

According to people familiar with the situation who agreed to speak on condition of anonymity, Thiel, a cofounder and partner at Founders Fund, has played a lead role in bankrolling the cases Terry Bollea, a.k.a.

Hogan is being represented by Charles Harder, a prominent Los Angeles-based lawyer.

He also made a $10,000 donation to fund the efforts of right-wing sting artist James O Keefe III.

In just the last month, Gawker Media s tech site Gizmodo published a series of stories on Facebook s use of news curators to manipulate the site s trending module, sparking a congressional investigation into the social network s practices.

In a comment on a 2007 post by Valleywag editor Owen Thomas on the open secret of Thiel s sexuality, Denton described being threatened for his prior attempts to report on the billionaire s dating habits: He was so paranoid that, when I was looking into the story, a year ago, I got a series of messages relaying the destruction that would rain down on me, and various innocent civilians caught in the crossfire, if a story ever ran.

Thiel later described Valleywag as the Silicon Valley equivalent of Al Qaeda.

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