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Gawker & Hulk Hogan Reach Settlement

Hulk Hogan and Gawker have reached a settlement over them publishing a sex tape without his consent.. Back in May a Florida jury awarded the wrestler $140.1 million, finding that the video Gawker posted showing Hogan (whose real name is Terry Bollea) engaged in an extramarital affair was not newsworthy.

According to Deadline:

“After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached,” Denton said today in a online statement with “A hard peace” as its title. “The saga is over.”

The fallout from the Silicon Valley billionaire Peter Thiel-funded action threw Gawker into Chapter 11 this summer. It eventually resulted in Denton’s media ventures, minus Gawker, being purchased by Univision for more than $130 million.

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