The WWE cut ties with Hogan in 2015 due to a recording of him repeatedly using the n-word — part of the infamous sex tape for which he sued Gawker.
During its tenure, Gawker referred to the Bustle CEO as an “a**hole” and a “self-serving misogynist.”
What the PayPal co-founder planned to do with the news site remains unclear.
The news was first reported by Reuters, which did not specify Thiel's motivations.
The fundraising campaign is a last-ditch effort to revive Gawker.com.
It would give him the power to delete the shuttered site's entire archive.
Attorney Charles J. Harder helped Hogan and Peter Thiel take down Gawker last year.
When documentary filmmaker Brian Knappenberger set out to make a film about Hulk Hogan’s lawsuit against Gawker Media, he
A new documentary focuses on the fight to preserve First Amendment rights in media.
"The goal here is to punish and to call out people who lie about Melania Trump," Conway told Rachel Maddow.
"The saga is over."