Originally posted on PW Insider

The Wall Street Journal broke yesterday that Hulk Hogan and Gawker are in talks of a settlement of sort regarding the $140 million judgment against Gawker, owner Nick Denton and editor AJ Daulerio over the website posting clips from the sex tape of Hogan and Heather Clem, which was shot without Hogan’s knowledge several years before.

What is interesting about this move is that Hogan turned down several attempts at a settlement, possibly because his lawsuit was backed by Peter Thiel, the technology billionare who secretly funded Hogan’s case as a receipt for stories Gawker had published about him and others.

Gawker responded to the report by telling The Journal, “We’ve been hearing these rumblings many times over the years when the judge ordered settlement discussions, and you know where we are now despite that.”

The Gawker lawsuit led to owner Nick Denton filing bankruptcy last week as a way to help protect himself while Gawker itself filed for Chapter 11 and is being sold.