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Peter Thiel makes offer to buy Gawker

Peter Thiel
Alex Wong / Getty

Billionaire investor Peter Thiel has submitted a bid to buy Gawker, the now-inactive news site that he helped bankrupt, reports Reuters.

Why it matters: This confirms that Thiel was successful in pausing the sales process for the website last November, when he argued that he was unfairly excluded from making a bid. Read more.