Settlement in Hulk Hogan divorce case in Fla.

AP News
Posted: Nov 23, 2011 2:25 PM
Settlement in Hulk Hogan divorce case in Fla.

Court records show a financial settlement has been agreed upon between wrestler Terry Bollea _ better known as Hulk Hogan _ and his ex-wife.

The St. Petersburg Times ( reports Linda Bollea received a little more than 70 percent of the couple's liquid assets in their divorce settlement.

He agreed to give his ex-wife 40 percent ownership in his various companies and pay her an additional $3 million property settlement. Linda Bollea filed for divorce in 2009.

The settlement was confidential but came to light this week after it was attached to a new motion filed in court records.

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The paper reports Linda Bollea received $7.44 million of the couple's $10.41 million that was held in bank and investment accounts. Terry Bollea will not pay his ex-wife alimony.