Hulk Hogan & Gawker Reach $31M Settlement; “The Saga Is Over” Says Nick Denton

The legal slapdown that Hulk Hogan delivered to Gawker over publishing a sex tape of him has seen multimillion-dollar awards, bankruptcy for the Nick Denton-founded media outlet, and now a final truce of sorts.

“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.”

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. 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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