Gawker Media has reached a multimillion-dollar settlement with Hulk Hogan , according to multiple reports, ending a years-long legal battle waged against it with the partial support of tech billionaire Peter Thiel. As Gawker founder Nick Denton wrote in a blog post this week announcing the settlement: “The saga is over.” The deal requires Gawker to pay Hogan (né Terry Bollea) $31 million, …
In the wake of a devastating lawsuit and a proposed selloff of its holding company to Univision, Gawker.com will shut down next week, ending almost 14 years of independent — and at times inflammatory — publishing. Gawker filed for bankruptcy protection in June, after a jury ordered it to pay celebrity wrestler Hulk Hogan $140 million in damages for the publication of a sex tape in which he is …
A day after Gawker founder Nick Denton told the New York Times he had a “personal hunch” that someone linked to Silicon Valley was funding the onslaught of lawsuits against Gawker Media—which resulted in a potentially …