Oscar-winning scribe Charles Randolph will adapt the Ryan Holiday's novel, which was published in February this year, reported Variety.
The film will detail the legal battle between the WWE wrestler Hulk Hogan; Gawker Media and its founder, Nick Denton, over a sex tape that the online media company published featuring the former WWE star. The lawsuit resulted in a USD 140 million judgment against Gawker and led to the outlet's subsequent bankruptcy.
Hogan, Denton and Thiel, will all be characters in the movie and the makers are planning to cast Hollywood A-listers to these roles.
"When I read Ryan's extraordinary book I was totally taken with this story, such an exquisitely contemporary tale, and I immediately had a vision for it as a film," said Lawrence.
"It's an important and meaningful story, and one I'm excited to tell," he added.
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