#Hul hogan gawker settlement full

It quickly became popular for its “snarky” tone and abhorrence of PR and media spin.

Gawker started life in Denton’s Manhattan apartment with a mission to expose celebrities and the media elite. Gawker Media, which included several other websites including Jezebel, Gizmodo and Deadspin, was sold out of bankruptcy to US-based Spanish-language media company Univision for $135m. “I saw Gawker pioneer a unique and incredibly damaging way of getting attention by bullying people even when there was no connection with the public interest … I thought it was worth fighting back.” He said funding the lawsuit was one of the “greater philanthropic things that I’ve done”.

“It’s less about revenge and more about specific deterrence,” Thiel has said of sponsoring Hogan’s legal action. He fell out with Gawker and Denton after the website outed him as gay in 2007 with the headline: “Peter Thiel is totally gay, people.” Denton is also gay. He had also secretly funded a team of lawyers to track down “victims” of Gawker and help fund their lawsuits against the company. Thiel, a co-founder of PayPal and an early investor in Facebook, has spent about $10m sponsoring the lawsuit against Gawker. Gawker’s nemesis was not going away.”Īs part of the settlement, three Gawker stories, including the Hogan one, will be deleted from the internet.Ī spokesman for Hogan, whose real name is Terry Bollea, said: “As with any negotiation for resolution, all parties have agreed it is time to move on.” The Valley billionaire, famously relentless, had committed publicly to support Hulk Hogan beyond the appeal and ‘until his final victory’.

#Hul hogan gawker settlement full

“But all-out legal war with Thiel would have cost too much, and hurt too many people, and there was no end in sight. A mediation session in HULK HOGAN's lawsuit against COX MEDIA GROUP, DON BUCHWALD AND ASSOCIATES, BUCHWALD agent TONY BURTON, former BUBBA THE LOVE SPONGE crew member MATT 'SPICE BOY' LOYD (and. Nor does it mean that Hulk Hogan will receive the full 140 million judgment from his successful invasion of privacy lawsuit against the company for the 2012 publication of excerpts of a sex tape. “The saga is over.”ĭenton, a British journalist who founded Gawker in 2002 with an aim to report on the media and establishment elite, said he was confident that the appeals court would reduce or eliminate the $140m “runaway Florida judgment”. After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached, Gawker founder Nick Denton said in a blog post.