Gawker’s shell settles with Hulk Hogan for $31 million, ending fight that led to company’s bankruptcy

FILE PHOTO  In this May 25, 2016 file photo, Hulk Hogan, whose real name is Terry Bollea, appears in court in St. Petersburg, Fla. The shell of Gawker has settled with Hulk Hogan for $31 million, ending a years-long fight that led to the media company’s bankruptcy, the shutdown of Gawker.com and the sale of Gawker’s other sites to Spanish-language broadcaster Univision.  Gawker founder Nick Denton in a Wednesday, Nov. 2 blog post said that the “saga is over.” Denton filed for personal bankruptcy because of the $140 million verdict won by the former professional wrestler in a Florida court over a sex tape.(Scott Keeler/The Tampa Bay Times via AP, Pool)
FILE PHOTO In this May 25, 2016 file photo, Hulk Hogan, whose real name is Terry Bollea, appears in court in St. Petersburg, Fla. The shell of Gawker has settled with Hulk Hogan for $31 million, ending a years-long fight that led to the media company’s bankruptcy, the shutdown of Gawker.com and the sale of Gawker’s other sites to Spanish-language broadcaster Univision. Gawker founder Nick Denton in a Wednesday, Nov. 2 blog post said that the “saga is over.” Denton filed for personal bankruptcy because of the $140 million verdict won by the former professional wrestler in a Florida court over a sex tape.(Scott Keeler/The Tampa Bay Times via AP, Pool)

NEW YORK (AP) – The shell of Gawker has settled with Hulk Hogan for $31 million, ending a years-long fight that led to the media company’s bankruptcy, the shutdown of Gawker.com and the sale of Gawker’s other sites to Spanish-language broadcaster Univision.

Gawker founder Nick Denton in a Wednesday blog post said that the “saga is over.” Denton filed for personal bankruptcy because of the $140 million verdict won by the former professional wrestler in a Florida court over a sex tape.

FILE - In this Wednesday, March 16, 2016, file photo, Gawker Media founder Nick Denton arrives in a courtroom in St. Petersburg, Fla. Spanish-language broadcaster Univision has bought Gawker Media in an auction for $135 million. That's according to a person familiar with the matter who asked not to be identified because the deal had not been formally announced. (AP Photo/Steve Nesius, Pool, File)
FILE – In this Wednesday, March 16, 2016, file photo, Gawker Media founder Nick Denton arrives in a courtroom in St. Petersburg, Fla. Spanish-language broadcaster Univision has bought Gawker Media in an auction for $135 million. That’s according to a person familiar with the matter who asked not to be identified because the deal had not been formally announced. (AP Photo/Steve Nesius, Pool, File)

 

Denton says that as part of the settlement, three of the company’s stories – about Hogan and two others who had also filed suit – are being taken offline.

The Gawker vs. Hogan invasion-of-privacy case became even more notorious when it emerged that Silicon Valley billionaire Peter Thiel had bankrolled the suit.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s