Gawker and Hulk Hogan Reach $31 Million Settlement

Gawker has settled with Hulk Hogan for $31 million, that led to the media company's bankruptcy, Website Gawker.com and the sale of Gawker's other sites to Spanish-language broadcaster Univision has all been effected by the lawsuit.

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.

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