Hulk Hogan really put the nail in the coffin for Gawker.
Gawker, who was shut down in August after going bankrupt, settled a lawsuit with Hulk Hogan for leaking a sex tape with his friend’s wife. Here are the financial details:
Gawker settlement breakdown (in cash):
Hulk Hogan: $31 million
Shiva Ayyadurai: $750,000
Ashley Terrill: $500,000— Tom Kludt (@TomKludt) November 2, 2016
The founder of Gawker, Nick Denton, also agreed to remove three factual stories from the web.
