Gawker and Hulk Hogan Engage in Settlement Talks

It's not much, but it's something.

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 been hearing these rumblings many times over the years when the judge ordered settlement discussions, and you know where we are now despite that,” the company said, in a statement.