The Wall Street Journal is reporting that Hulk Hogan and Gawker Media are in talks to reach a settlement over the $140 million judgment that found Gawker, its CEO and Founder Nick Denton, and former editor A.J. Daulerio guilty in the lawsuit brought forward by Hogan over the publication of the sex tape.
Denton, Daulerio, and Gawker Media all filed for bankruptcy and the company will be sold at an auction this month.
WSJ tried to reach out to representatives from both camps but they did not respond to a request for comment. The two sides, mainly from the defendants, tried to reach a settlement during the almost-three week trial but Hogan’s team refused it, opting to go all the way and gamble on the jury to reach a positive verdict for them. Multi-billionaire Peter Thiel was funding the lawsuit for Hogan so from his end there was no reason to end it prematurely.