Former pro-wrestler Hulk Hogan has decided to abandon his lawsuit against former BFF Bubba the Love Sponge in light of the shock jocks letter of apology issued this week.

Bubba “the Love Sponge” Clem issued a formal apology today as part of a confidential settlement agreement saying; “After further investigation, I am now convinced that Hulk Hogan was unaware of the presence of the recording device in my bedroom. I am convinced he had no knowledge that he was being taped. Additionally, I am certain that he had no role in the release of the video. It is my belief that (he) is not involved, and has not ever been involved, in trying to release the video, or exploit it, or otherwise gain from the video’s release in any way.”

The trouble all started last month when a sex tape featuring the former wrestler and Bubba’s wife Heather Clem was leaked on the internet. Since the release, the Hulk has maintained that he had no idea that his indiscretion was caught on film. On October 15^th Hogan filed a lawsuit against both Clem and Gawker Media, who were steaming the video on their website. The incident took place over 6 years ago at a time when Hogan was having serious problems in his marriage to now ex, Linda Hogan. When the tape was first released Clem maintained that Hogan knew that there were cameras rolling saying on his radio show; “There were three people in that home. All three knew what time it was. You know I have surveillance. You knew of everything going on. But now that your feeling are hurt….you’re trying to cover you’re a** with you wife and your jobs and your social standing.” But in light of the settlement, Clems has done a complete 180, apologizing for going on the offensive and retracting the statements he made in previous weeks about Hogan and his family.

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Former wrestler and reality television star Hulk Hogan filed a lawsuit in county court yesterday against his friend, radio talk show host Bubba the Love Sponge, and his ex-wife Heather Clem. According to the law suit, Hogan believes that Bubba and Heather filmed him having sex with Heather at their home without his knowledge 6 years ago. The suit claims that the release of the tape “which is perceived unfavorably by the public” has diminished Hogan’s perceived value. Hogan is also suing Gawker Media for releasing parts of the tape on their celebrity gossip website gawker.com. The suit is asking for $100 million from Gawker Media and the removal of the footage from their website. They are also seeking to have the video and all copies handed over so that they can be destroyed. Bubba and Hogan have been close friends for years, Hogan was best man at Bubba’s wedding, and it is unclear why the tape was released in the first place. Lawyers for Bubba claim that he had nothing to do with the film’s release and would like to find the person responsible.

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Pop culture icon and former wrestler Hulk Hogan appeared on Howard Stern this week to discuss the sex tape that surfaced last week that was made over 6 years ago without his knowledge. The Hulk-a-maniac says he is “devastated” by the release of the tape featuring himself and the swinger wife of a friend Heather Clem. Hulk claims that the tape was made at a time when his marriage to ex Linda was falling apart and that he was suffering mental abuse at home. He maintains that he had no idea that there was a camera in the room and refused to say who might have placed it due to pending legislation. Hulk Hogan began a new marriage back in 2010 and says that the surfacing video has shaken up his new bride. “It was at a really low point when I was in a previous marriage when things were bottomed out completely. I was with some friends, and I made a wrong choice. And now of all of a sudden it surface, you know over six years later, and it’s just appalling. It’s totally flipped my new life and my new role upside down.”

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