TMZ: Hulk Hogan Planning to Sue Bubba the Love Sponge

TMZ.com is reporting that Hulk Hogan plans to sue his longtime friend Bubba the Love Sponge, for Bubba's involvement in Hogan's recently released sex tape.

Hogan will be filing for alleged invasion of privacy and will file the suit in Florida. The TMZ report also notes that Hogan will be filing a federal lawsuit against the website that posted the video.