Most Read
Image 01 Image 02 Image 03

Hulk Hogan Will Receive $31 Million From Gawker

Hulk Hogan Will Receive $31 Million From Gawker

Don’t invade people’s privacy, media.

Terry Bollea, aka Hulk Hogan, will receive $31 million from Gawker in a new settlement agreement:

Thanks to a 570 page liquidation plan filed with the bankruptcy court in the Southern District of New York, it’s now been confirmed that a settlement has been reached that will pay Hogan $31 million and a percentage of the proceeds from the sale of Gawker Media to Univision. From page 41 the filing:

Under the Bollea Settlement, in full and complete settlement, release, and discharge of, and in exchange for, the Bollea Claims, including the $130.0 million Bollea Judgment and the waiver of Bollea’s claims against third parties that would have Debtor Indemnification Obligations, Bollea will receive $31.0 million Cash from Gawker Media, and a Pro Rata share of Distributions from the Gawker Media Contingent Proceeds Creditor Account.

Nick Denton, founder and publisher of Gawker, said he did not want to continue an all-out war with Peter Thiel, the Silicon Valley billionaire who helped back Hogan. A few years ago Gawker outed Thiel, who has since helped others fight against publications that ruin their lives.


Donations tax deductible
to the full extent allowed by law.

Font Resize
Contrast Mode