“And with that, it’s over,” former Editor-in-Chief Megan Greenwell said Friday. “Deadspin no longer employs a single writer or editor."
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.
A Kickstarter campaign led by former staffers raised less than $90,000 of its $500,000 goal.
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.