Thiel and GOP super PAC fail to reach agreement on Arizona Senate spending

During Monday’s call, Law told Thiel he would see if he would be able to raise the $5 million from donors to respond to Thiel’s proposal – although he said a demand at the end of the election year, when contributors were largely exploited, cannot be successful.

But on Thursday morning Law came back to the billionaire to tell him he had been unable to find the donors to provide the necessary funds, the person familiar with the talks said. The call was described as cordial.

Spokespersons for the Senate Leadership Fund and Thiel did not comment.

News of the negotiations between Thiel and SLF was first reported by Axios.

It’s unclear whether Thiel will now spend on his own in the remaining time before Election Day, although Law urged Thiel on Thursday’s call to go ahead with the spending for the race. After contributing heavily during the primaries — aside from the Masters, he also doled out $15 million to support another protege Senate candidate, Ohio Republican JD Vance — he kept his wallet closed during the election season general.

While the Senate Leadership Fund turned off the tap in Arizona, Masters is still getting help from the party. Conservative groups, including Heritage Action, are spending money in the state. Masters also met McConnell on a recent trip to Washington, where the Republican leader hosted a fundraiser for him.