The company deleted most references to Hogan on its website and issued a statement Friday saying it had terminated its contract with one of the biggest stars in the history of professional wrestling.
The company did not give a reason, but issued a statement saying it is "committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers and fans worldwide."
The move came amid a joint report from RadarOnline.com and The National Enquirer that Hogan used racial slurs in a conversation caught on a sex tape he is fighting in court to keep private.
In a statement to People magazine, Hogan apologized for using "offensive language." His publicist didn't immediately return a message left by The Associated Press.
