It looks like Hulk Hogan won't be getting that $140 million after all.
Hogan — real name Terry Bollea — reached a settlement with Gawker on Wednesday, and the former WWE superstar will be paid at least $31 million after Hogan sued the website after a sex tape was leaked online.
Hogan will also be due a portion of the money from the sale of Gawker Media.
The agreement comes after Gawker declared bankruptcy following the verdict that saw Hogan awarded over $100 million in damages. Gawker likely had no chance of paying off that amount, so it was almost a no-brainer that a lesser settlement would have to be agreed to.
The only thing left to wonder now is when WWE will finally take Hogan back on television. There have been hints that the wrestling promotion could be doing it soon, but they were likely waiting for this legal situation to blow over before finally making a move.
