Gawker.com is dead and Hulk Hogan is filthy rich. The media company, recently purchased by Univision who killed its flagship site, settled with the disgraced wrestling star on Wednesday afternoon for a cool $31 million, according to court filings and former CEO Nick Denton’s blog.

The former wrestler sued Gawker, Mr Denton and former editor AJ Daulerio after the website published a sex tape featuring him. Over the summer, he was awarded $140 million in damages after claiming he suffered emotional distress. Today, Mr Denton admitted that he would not be able to fund the appeals process against billionaire technology investor Peter Thiel, who bankrolled the lawsuit after he was outed as gay more than nine years ago.