Wednesday, 2 November 2016

Gawker and Hulk Hogan Settle Lawsuit: 'The Saga is Over'.


Hulk Hogan and the remnants of Gawker Media have struck a confidential settlement agreement, rewarding the wrestler with millions of dollars.

"After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached. The saga is over," Gawker founder Nick Denton wrote in a blog post on Wednesday.

He said "Hulk Hogan's retirement will be comfortable."

As part of the settlement, Hogan, whose real name is Terry Bollea, will receive $31 million in cash, according to a court filing.

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

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