Gawker Media is in talks with Terry “Hulk Hogan” Bollea to potentially reach a settlement over the $140 million ruling imposed by a Florida judge in March.
Since the ruling, both Gawker and its founder Nick Denton have filed for bankruptcy. The bankruptcy auction for Gawker—set for Aug. 16—will go on even if a settlement is reached.
If a deal is brokered it could leave Gawker and Denton with some cash after the company is sold. As for Bollea, a settlement would be a way to cash out quickly, as he likely can’t collect until after the bankruptcy and appeals process plays out.
Despite news of the talks, a Gawker rep was unmoved.
“We’ve
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