Hulk Hogan Settles Sex Tape Lawsuit Against Former Friend Bubba

Hulk Hogan during the grand opening of Hogans Beach Shop on October 27, 2012 in Clearwater, Florida. Tim Boyles/Getty

One lawsuit done, two to go.

Hulk Hogan has settled his lawsuit against Bubba the Love Sponge (real name: Todd Alan Clem) over the graphic sex tape, featuring Hogan, that was released earlier this month, TMZ reports.

Although terms of the settlement were not made public, Bubba did write an apology letter Monday. "It is my belief that Hulk 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," he wrote.

After the tape was leaked, Hogan, (Real name: Terry Bollea), 59, claimed he was unaware that he was being filmed at a his friend's house. "First off, I had no idea there was a camera in the room. It was at a very, very low point," he told the TODAY show on Oct. 9. "I'm not making excuses. I'm accountable. I was the guy. I was there. I made the choice."

Costarring Bubba's ex-wife, Heather Clem, the sex tape was recorded during the WWE star's marriage to Linda Hogan. (He split from Linda in 2007 after 24 year of marriage.) 

Hogan will still continue his lawsuits against Gawker Media for publishing the sex tape and against Clem.

"For me, I'm going full-blown to find out who did this to me and why and what's the motive," he told TODAY. "I had no idea someone would put a camera in a room."

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