Hulk Hogan Settles $140m Case Over Leaked Sex Tape As Pay Out Makes Media Company Bankrupt

HULK Hogan is in talks to reach a settlement for his leaked sex tape.

The former wrestling champion is set to bag a whopping $140m, which is the equivalent of around £97m.

Hulk – whose real name is Terry Bollea – had originally sued for $100m but this was bumped up an extra $15m after a jury decide it wasn’t enough.

The extra dosh is made up of $15m from Gawker Media and $10m from site owner Nick Denton.

The editor A.J. Daulerio, who was responsible for posting the tape, must cough up $100,000.

Hulk Hogan's Victory Keeps Growing As His Awarded Another $25M in Sex Tape Lawsuit

WRESTLER Hulk Hogan just got awarded an extra $25million in punitive damages from his sex tape lawsuit.

That brings his total to a massive $140m. The extra $25m is made up of $15m from Gawker Media and $10m from site owner Nick Denton.

The editor responsible for posting the tape, A.J. Daulerio must hand over $100,000.

The company issued a statement saying it is confident this verdict will be overturned after an appeal.

t says it had the right to share the tape due to it being newsworthy and therefore protected by the First Amendment.

Hulk Hogan In Court Over $100m Sex Tape Lawsuit

HULK Hogan took to the witness stand in his $100 million sex tape lawsuit against news website Gawker.

Hulk Hogan has told a court in Florida he thought it was a joke when his former best friend Bubba 'the Love Sponge' Clem said his wife wanted to have sex with him.

However, the radio presenter filmed it and the Gawker website published the resulting sex tape.

Now, the 62-year-old former professional wrestler is suing Gawker for $100m.

Lawyers for the longtime WWE champion claim he had the right to privacy in a private bedroom. They are also claiming emotional distress, and say the video was filmed without his knowledge.

[Photos] Hulk Hogan Tweets GRUESOME Burn

The former wrestler suffered some seriously grotesque injuries to his hand when a radiator exploded - and, of course, felt the need to share extreme close-ups of the injury with Twitter followers. We're not exaggerating. These are truly disgusting.

Scroll down now to view the severe burns pics. It's your Wish.....