Gawker settles lawsuit that drove it into bankruptcy

Gawker has settled its long-running case with Hulk Hogan, ending the lawsuit that forced the company into bankruptcy after it lost an initial ruling earlier this year.
In exchange for dropping his invasion of privacy claims, Hogan will receive $31 million from Gawker. That’s down significantly from the $140 million Hogan was initially rewarded. The sex tape story that Hogan was suing over will also be removed from Gawker’s website.
The settlement came as something of a surprise this