Last Updated 13 Jan 2021

Gawker Settles With Ex-Pro Wrestler Hulk Hogan for $31 Million

Words 291 (2 pages)
Views 14

Shuttered irreverent news website Gawker Media LLC has reached a $31 million cash settlement with Hulk Hogan, the former professional wrestler who won a $140 million judgment against the site over a leaked sex tape.

Hogan's judgment forced Gawker, known for its sassy tone and gossipy posts, into bankruptcy in June. Its sister websites, including sports site Deadspin and women's site Jezebel, were acquired for $135 million by media company Univision Holdings Inc. in a bankruptcy auction last summer.

"As with any negotiation for resolution, all parties have agreed it is time to move on," said Hogan's attorney, David Houston.

Order custom essay Gawker Settles With Ex-Pro Wrestler Hulk Hogan for $31 Million with free plagiarism report

GET ORIGINAL PAPER

The settlement is subject to approval by a bankruptcy judge.

Silicon Valley billionaire Peter Thiel said in May he helped fund the invasion of the privacy lawsuit filed by Hogan, whose real name is Terry Bollea. The site published an article in 2007 about Thiel's homosexuality.

"It is a great day for Terry Bollea and a great day for everyone's right to privacy," Thiel said.

Gawker founder Nick Denton, who filed for personal bankruptcy to protect himself from Hogan's judgment, has accused Thiel of using his wealth to carry out a vendetta against him and the site.

Denton, in a blog post published Wednesday, said an "all-out legal war with Thiel would have cost too much, and hurt too many people," even though he was confident a court would have reduced or eliminated the judgment.

"There was no end in sight," Denton wrote.

The settlement also calls for Hogan to receive some proceeds from a possible future sale of Gawker.com, which was not included in the sale to Univision.

(Reporting by Jessica DiNapoli; Editing by Andrew Hay and Jeffrey Benkoe)

This essay was written by a fellow student. You can use it as an example when writing your own essay or use it as a source, but you need cite it.

Get professional help and free up your time for more important courses

Starting from 3 hours delivery 450+ experts on 30 subjects
get essay help 124  experts online

Did you know that we have over 70,000 essays on 3,000 topics in our database?

Cite this page

Explore how the human body functions as one unit in harmony in order to life

Gawker Settles With Ex-Pro Wrestler Hulk Hogan for $31 Million. (2018, Apr 06). Retrieved from https://phdessay.com/gawker-settles-with-ex-pro-wrestler-hulk-hogan-for-31-million/

Don't let plagiarism ruin your grade

Run a free check or have your essay done for you

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Save time and let our verified experts help you.

Hire writer