Thiel, who co-founded PayPal and sits on Facebook s board of directors, allegedly provided millions of dollars for Hogan s lawsuit and is apparently funding other cases.The Times' Andrew Ross Sorkin noted that Thiel declined to reveal what other cases he supported.

It s less about revenge and more about specific deterrence, Thiel told the Times in his first interview since the rumors that he funded the lawsuit reached a tipping point on Tuesday.

Neither the jury nor the public knew of Thiel s involvement in the case.Thiel told The Times he has been planning for years to secretly fund lawsuits against Gawker in an effort to shut the company down.

Gawker founder Nick Denton denounced Thiel's involvement in the lawsuit in a statement to The Times: Just because Peter Thiel is a Silicon Valley billionaire, his opinion does not trump our millions of readers who know us for routinely driving big news stories including Hillary Clinton s secret email account, Bill Cosby s history with women, the mayor of Toronto as a crack smoker, Tom Cruise s role within Scientology, the N.F.L.

cover-up of domestic abuse by players and just this month the hidden power of Facebook to determine the news you see.

Read the full report from The New York TimesGawker is the high-brow gossip sheet covering media, entertainment, politics and technology.NOW WATCH: Billionaire entrepreneur Peter Thiel explains precisely how Mark Zuckerberg changed the worldLoading video...

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