Peter Thiel may look to buy Report

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Peter Thiel on what motivates entrepreneurs

Venture capitalist Peter Thiel on the factors that drive great entrepreneurs.

Venture capitalist Peter Thiel may be looking to buy online news site, BuzzFeed said on Wednesday.

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Thiel's lawyers have objected to the currently ongoing sale process of, saying that he has been prohibited unreasonably from bidding for the website's assets, the internet media company reported, citing a federal bankruptcy court filing. (

Thiel, who is Facebook Inc's first major investor and a co-founder of payment service PayPal, is known for funding the Hulk Hogan lawsuit that led to the shutdown of Gawker. The site published an article in 2007 about Thiel's homosexuality.

He may buy the defunct website to stop any legal threats against him or to remove content, BuzzFeed reported.

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(Reporting by Arjun Panchadar in Bengaluru; Editing by Anil D'Silva)

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