Newswire: Hulk Hogan settles lawsuit with Gawker Media

The long and extremely costly legal battle between Terry “Hulk Hogan” Bollea and Gawker has come to an end, with Gawker founder Nick Denton revealing that he has settled with Bollea for an undisclosed sum (though it’s most likely somewhere around $31 million). Bollea had sued Gawker for posting a sex tape of him back in 2012, and a jury in Florida decided in Bollea’s favor back in March, awarding him around $140 million. This prompted Gawker Media to file for bankruptcy, with its entire family of sites—minus Gawker itself—eventually being sold to Univision.

News of this settlement comes from Deadline, which reports that Denton released a statement on his personal website under the title “A Hard Peace” that lays out why he decided to stop appealing the court’s decision and what this means for the rest of Gawker Media. As he explains, he was …

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