Gawker's Shell Settles With Hulk Hogan For $31 Million
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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.
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.
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