NEW YORK Shuttered online news website Gawker Media LLC has reached a proposed $31 million cash settlement with Hulk Hogan, the former professional wrestler who obtained a $140 million judgment against the site over a leaked sex tape.
Hogan's judgment forced Gawker, known for its irreverent tone and gossipy posts, into bankruptcy in June. Its sister websites were acquired by media company Univision Holdings Inc. [UVN.N]
(Reporting by Jessica DiNapoli; Editing by Alan Crosby)
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