Gawker Settles Hulk Hogan Sex-Tape Lawsuit for $31 Million

Updated on
  • Peter Thiel-backed privacy case pushed company into bankruptcy
  • Gawker founder Denton says ‘all-out legal war’ was too costly

Terry Bollea, aka Hulk Hogan, testifies in court during his trial against Gawker Media at the Pinellas County Courthouse on March 8, 2016 in St Petersburg, Florida.

Photographer: Pool/Getty Images

Gawker Media LLC reached a settlement in the invasion-of-privacy lawsuit brought by Hulk Hogan and backed by Peter Thiel that drove the web company into bankruptcy.

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