Nick Denton: ‘The Saga Is Over’

Today's settlement of the Hulk Hogan-Gawker battle is another victory of sorts for Peter Thiel.

First today came the LawNewz tweet.

Then came a post on Medium by one of the platform’s “original bloggers,” Nick Denton. Under the headline “A Hard Peace,” Denton touches on the terms of Gawker Media’s settlement with Hulk Hogan, which include the removal of three Gawker articles. He also notes a bittersweet courtroom aspect of the negotiated arrangement to bring to a close a Peter Thiel-funded nightmare:

Yes, we were confident the appeals court would reduce or eliminate the runaway Florida judgment against Gawker, the writer of the Hogan story and myself personally. And we expected to prevail in those other two lawsuits by clients of Charles Harder, the lawyer backed by Thiel.

But all-out legal war with Thiel would have cost too much, and hurt too many people, and there was no end in sight. The Valley billionaire, famously relentless, had committed publicly to support Hogan beyond the appeal and “until his final victory.” Gawker’s nemesis was not going away.

On this date in 2007, a wrestler named The Fabulous Moolah passed away. On this date in 2016, the much less fabulous moolah of the Gawker-Hulkster contest turns out to be $31 million plus a percentage of the proceeds from the potential sale of the domain gawker.com.

Read the rest of Denton’s post here.