WWE News: Hulk Hogan and Gawker reach $31 million settlement
It looks like Hulk Hogan’s long legal battle against Gawker may finally be over. Gawker Media founder Nick Denton announced via his blog earlier today that Gawker had reached a settlement with Hulk Hogan who was awarded $140 million earlier this year following his lawsuit against Gawker who had released a private sex tape of him having sex with Heather Clem, ex-wife of former friend Bubba ‘The Love Sponge’. Hogan also used racist language in the sex tape.
After the original judgment, Gawker filed for bankruptcy and were purchased by Univision after a bid of $135 million. They have since shut down the original website. The New York Times revealed earlier today that Gawker and Hogan had come to a settlement of $31 million.
Nick Denton said the following via his blog:
"After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached. The saga is over.
Yes, we were confident the appeals court would reduce or eliminate the runaway Florida judgment against Gawker, the writer of the Hogan story and myself personally. And we expected to prevail in those other two lawsuits by clients of Charles Harder, the lawyer backed by Peter Thiel.
But all-out legal war with Thiel would have cost too much, and hurt too many people, and there was no end in sight. The Valley billionaire, famously relentless, had committed publicly to support Hulk Hogan beyond the appeal and “until his final victory.” Gawker’s nemesis was not going away."
The Hulkster was predictably overjoyed and said the following on twitter:
For a timeline on the Gawker-Hogan saga and for the Hulkster’s best WWE moments, check out the videos below.