Hulk Hogan Settles Gawker Lawsuit for $31 Million

Hulk Hogan has settled his sex tape lawsuit with Gawker for $31 million, the New York Times has confirmed.

According to court documents, the settlement comes eight months after courts awarded Hulk Hogan $140 million in damages after the site posted a sex tape of him.

“After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached,” Gawker founder Nick Denton wrote in a blog post. “The saga is over. Hogan’s retirement will be comfortable.”

“As with any negotiation for resolution, all parties have agreed it is time to move on,” David Houston, Hulk‘s lawyer, said in a statement.