"The saga is over." So proclaims Gawker founder Nick Denton who has settled his legal dispute with professional wrestler Hulk Hogan.
The settlement, pegged at $31 million, is substantially less than the $140 million a Florida jury said Hogan was owed in his winning defamation suit against the now defunct gossip site.
Denton and court records revealed the settlement ahead of a prescheduled disclosure statement hearing in court.
An "all-out legal war," Denton wrote in his essay, "would have cost too much, and hurt too many people, and there was no end in sight."
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