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Home / News / Business News / Hulk Hogan and Gawker Media settle for $31 million
  • Business

    Hulk Hogan and Gawker Media settle for $31 million

    Written by
    Shiladitya Ray
    Edited by
    Mansi Motwani
    Last updated on Nov 04, 2016, 07:00 am
    Hulk Hogan and Gawker Media settle for $31 million
  • Former professional wrestler Hulk Hogan and accused Gawker Media reached a cash settlement of $31 million.

    Gawker Media was accused of leaking Hulk Hogan's sex tape for which Hogan had won a $140 million judgment.

    The current settlement also entitles Hulk to receive a part of Gawker.com's future sale, the one which was excluded in its sale to Univision.

  • In this article
    What is Gawker Media? Quentin Tarantino sues Gawker Media The Hulk Hogan v/s Gawker Media Case Daily Mail sues Gawker Media Gawker Media's bankruptcy auction: Possible Buyers Univision wins auction for Gawker Media Hulk Hogan and Gawker Media settle for $31 million
  • Gawker Media

    What is Gawker Media?

    What is Gawker Media?
    Credits:
  • Incorporated in the Cayman Islands in 2012 by Nick Denton, Gawker Media is an online media company which manages a network of blogs.

    Its blogs include Gizmodo, Kotaku, LifeHacker, Gawker.com, Deadspin, Jalopnik and Jezebel.

    According to 2014 figures, Gawker Media had an annual revenue of $45 million.

    However, in June 2016, it filed for bankruptcy protection after losing a court case against Hulk Hogan.

  • Do you know?

    Quentin Tarantino sues Gawker Media

  • In January 2014, maestro Hollywood film director Quentin Tarantino filed a copyright lawsuit against Gawker Media for leaking the 146 page script of Tarantino's upcoming film, The Hateful Eight.

  • Details

    The Hulk Hogan v/s Gawker Media Case

    The Hulk Hogan v/s Gawker Media Case
  • In 2012, Gawker Media posted a sex tape of former wrestler Hulk Hogan.

    Hulk Hogan sent Gawker Media cease-and-desist order, but the company refused, following which Hogan sued Gawker for $100 million in damages.

    In March 2016, the jury ruled in favour of Hogan, asking Gawker to pay $140 million in damages to Hogan.

    Gawker appealed in April, and has now lost the case.

  • Do you know?

    Daily Mail sues Gawker Media

  • British newspaper The Daily Mail sued Gawker Media on grounds on defamation after it published a narrative by a former Daily Mail employee criticizing the Mail's journalistic standards. The Daily Mail stated that the article contained "blatant, defamatory falsehoods intended to disparage The Mail."

  • 16 Aug 2016

    Gawker Media's bankruptcy auction: Possible Buyers

    Gawker Media's bankruptcy auction: Possible Buyers
    Credits:
  • Gawker Media, an online media company, is up for sale, and here are its potential buyers.

    American publishing and internet company Ziff Davis LLC put in a $90 million bid.

    Other bidders include Spanish language media company Univision, the New York Magazine, Vox Media, and Penske Media, although the amounts of their bids are unknown.

  • 17 Aug 2016

    Univision wins auction for Gawker Media

    Univision wins auction for Gawker Media
  • At the auction on 16th August, 2016, Gawker Media was sold to Univision for $135 million.

    Univision beat digital media publisher Ziff Davis for the same. The sale will be officially approved by a bankruptcy judge at a hearing, later this week.

    The sale of Gawker Media gives the company an outside owner for the first time since it was founded (14 years ago).

  • 04 Nov 2016

    Hulk Hogan and Gawker Media settle for $31 million

    Hulk Hogan and Gawker Media settle for $31 million
  • Former professional wrestler Hulk Hogan and accused Gawker Media reached a cash settlement of $31 million.

    Gawker Media was accused of leaking Hulk Hogan's sex tape for which Hogan had won a $140 million judgment.

    The current settlement also entitles Hulk to receive a part of Gawker.com's future sale, the one which was excluded in its sale to Univision.

  • Quentin Tarantino
  • Hulk Hogan
  • Vox Media
  • Daily Mail
  • Cayman Islands
  •  
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