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Reports: Gawker is presenting Hulk Hogan with a settlement plan

The New York Post‘s Julia Marsh reports that Gawker is presenting Hulk Hogan with a settlement plan that includes a dollar figure. The settlement, the details of which are yet to be disclosed, would have to be approved by a bankruptcy court judge in December. If approved, the deal would also clear Gawker founder Nick Denton and former editor AJ Daulerio.

Univision acquired Gawker Media for $135 million after Gawker Media entered bankruptcy earlier this year. There’s one big benefit to settling now, rather than later: After the end of the year, there will be a hefty tax bill.NU