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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.
Hogan's lawsuit accused Gawker, Denton and former Gawker editor
A.J. Daulerio of violating his privacy by publishing a 1 minute,
41-second edited video clip featuring Hogan having sex with the
wife of his then-best friend, the radio shock jock Bubba the
Love Sponge Clem.
In June, Gawker Media LLC filed for Chapter 11 bankruptcy and
put itself up for sale after Hogan won the judgment, while
Denton filed for personal bankruptcy protection last week,
naming Hogan as his largest creditor.
The bankruptcy filing followed revelations that billionaire
investor Peter Thiel was bankrolling Hogan's lawsuit, along with
several others against Gawker.
Thiel's involvement raised alarm bells in U.S. media circles
over whether wealthy individuals are trying to muzzle the press.
(Reporting by Rama Venkat Raman in Bengaluru and Jessica
DiNapoli in New York; Editing by Bill Rigby and Gopakumar
Warrier)
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