Hulk Hogan Divorce Settlement Reached

11/23/2011 03:44 pm ET | Updated Nov 23, 2011

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

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.

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.