Wednesday November 02, 2016

Gawker Settles With Hulk Hogan For $31M

I'm a bit surprised that Hogan actually accepted this deal given that the judgment was for $140 million but, given the fact that he could have gotten less because of the bankruptcy, I can see why he snagged up on the money.

Since Gawker lost its court battle with Hulk Hogan back in June and filed for bankruptcy, it's been unclear just how much the former professional wrestler would get given the massive $140 million judgment awarded him. But today, the media company's cofounder and CEO Nick Denton announced that they've settled with the celebrity for $31 million.