Peter Thiel News

Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit

N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end UK operations citing the country’s departure from the European Union. The Berlin-based digital bank will close UK accounts on April 15, N26 …

Data Firm Palantir’s Partnership with Japan’s Sompo Insurance Targets Health, Cyber

Silicon Valley data analytics company Palantir Technologies Inc. has established a joint venture with Japanese insurance holding company Sompo Holdings Inc. that will initially focus on health and cybersecurity clients, Palantir said. The joint venture, owned 50-50 by Palantir and …

Gawker Reaches $31 Million Settlement with Hulk Hogan

Shuttered irreverent news website Gawker Media LLC has reached a $31 million cash settlement with Hulk Hogan, the former professional wrestler who won a $140 million judgment against the site over a leaked sex tape. Hogan’s judgment forced Gawker, known …

Gawker’s New Owner Univision Trashes Posts Cited in Lawsuits

Univision Communications Inc. said on Saturday it has deleted postings subject to active litigation against Gawker Media Group Inc. to create a “clean slate” for the online publishing company acquired for $135 million in a bankruptcy auction last month. Gawker …

Judge: Gawker Founder Can’t Halt Hulk Hogan From Enforcing Verdict

Gawker Media founder Nick Denton lost his latest bid to halt enforcement of the $140 million verdict won by Hulk Hogan in an invasion-of-privacy lawsuit, according to a court document provided by the former pro wrestler’s attorney. Florida Judge Pamela …

Hulk Hogan Moves to Take Down Gawker’s Liability Shield in Bankruptcy

Hulk Hogan, stymied by the bankruptcy filing of Gawker Media in the midst of a legal battle over a sex tape, is fighting back using the tools of Chapter 11 law. Hogan, unable to collect a $140 million jury verdict …

CEO Exits As Tech Startup Broker Zenefits Confronts Culture, Compliance Bugs

Zenefits, a software startup valued at $4.5 billion, said on Monday it had replaced founder and Chief Executive Parker Conrad and appointed a new leader for the troubled tech company. David Sacks, a former executive at Yammer and PayPal who …