Gawker Media Group is engaged in preliminary talks with the former professional wrestler known as Hulk Hogan to reach a settlement over a $140 million invasion-of-privacy judgment that forced the digital media company into bankruptcy, the Wall Street Journal reported today. The talks come a week ahead of a court-administered auction that will see Gawker’s founder, Nick Denton, lose control of the company he started 14 years ago. In March, a Florida jury found Gawker and Denton guilty of invading the former wrestling champion’s privacy by publishing a video of him having sex with the wife of a radio shock jock. Gawker is appealing the decision.
