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Gawker, Hulk Hogan in settlement talks over privacy case: WSJ

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Terry Bollea, aka Hulk Hogan, sits in court during his trial against Gawker Media, in St Petersburg, Florida March 17, 2016.  Hogan accused Gawker of leaking his racist comments from a secretly-recorded sex tape in a lawsuit filed on May 2, 2016, in Florida.  REUTERS/Dirk Shadd/Tampa Bay Times/Pool via Reuters

(Reuters) - Gawker Media Group is engaged in preliminary talks with the former professional wrestler Hulk Hogan to reach a settlement over a $140 million court judgment that led the company to file for bankruptcy protection, the Wall Street Journal reported on Sunday.

The settlement talks come a week ahead of a court-administered auction that will see Gawker Chief Executive Nick Denton lose control of the company, the Journal said.

Similar discussions had taken place throughout the legal process, but it was not clear if the new talks would lead to a settlement, the WSJ said, citing two unnamed sources it said were familiar with the matter.

Gawker and representatives for Denton and Hogan did not immediately respond to a request for comment.

(Reporting by Rama Venkat Raman in Bengaluru and Jessica DiNapoli in New York; Editing by Bill Rigby)

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