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Peter Thiel makes $10M bet on associate in Arizona Senate race – POLITICO

By Thomas A. Smith

Libertarian tech titan Peter Thiel is spending $10 million to boost one of his closest allies in next year s Arizona Senate race, a contest crucial to the fight for the majority.

The billionaire is coming out in support of Blake Masters, the chief operating officer of Thiel Capital and the president of the Thiel Foundation, who is expected to soon enter the race. Thiel, who co-founded PayPal, is bankrolling Saving Arizona PAC, a newly formed, pro-Masters super PAC, according to a person familiar with the investment.

via www.politico.com