Grishin Robotics, a Russian VC group dedicated to the commercialization of robotics, has dropped an unnamed sum into Bolt, a hardware incubator in Boston. Grishin’s investment is part of a $3.5 million financing package closed this week. → Read More
Logic Wireless (who?) is showing off what it’s claiming to be the world’s first projector-packing mobile phone – the Logic Bolt – at CES 2009. This quad-band GSM, 3mp shootin’ candybar handset is supposedly able to project an image up to 64″ and is expected to do so for up to 2 hours thanks to its 1800mAh battery. It also appears to have an external speaker… → Read More
Video sharing site Bolt has filed for bankruptcy and ceased operations. The site has been on borrowed time since an acquisition by GoFish failed August 1. Bolt.com was sued by Universal Music in October 2006 and owes Universal $10 million from that suit; the funds from the GoFish acquisition were to have been used to settle the $10 million with Universal. Bolt joins the TechCrunch Deadpool. → Read More
Amidst a falling share price GoFish has dropped its $30 million stock trade for Bolt.com. The deal was also meant to help Bolt pay its settlement with several music labels, including Universal Music. GoFish had initially celebrated the acquisition in their April 10KSB report as increasing distribution for their “made for internet” (MFI) video shows. The combined sites were expected to… → Read More
Video sharing site Bolt.com is being acquired by GoFish – a smaller but richer rival, in order to pay the settlement the company has agreed to with Universal Music Group for copyright infringement. The New York Times broke the story tonight. Bolt will go for an estimated $30 million in GoFish stock (update: forms filed Monday indicate that the acquisition was for about half this amount) … → Read More
On the day of the Google/YouTube acquisition, YouTube announced a licensing deal with Universal Music. Apparently, Grouper and Bolt.com didn’t get the memo. Universal Music has come out swinging in their first online video-related lawsuit against two of the lesser-known online video sharing websites, Bolt.com and Sony’s recent acquisition, Grouper. The lawsuit takes aim at the… → Read More
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