Nick Denton

The 'saga is over': Gawker settles with Hulk Hogan for $31 million

The 'saga is over': Gawker settles with Hulk Hogan for $31 million

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."

The invasion-of-privacy case, which revolved around a sex tape posted on Gawker.com, resulted in a $140-million verdict won by the former professional wrestler in a Florida court. It became even more notorious when it emerged that Silicon Valley billionaire Peter Thiel had secretly bankrolled the suit. Thiel was outed as gay by a Gawker-owned...

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