Bolt Joins The Deadpool
Video sharing site Bolt has filed for bankruptcy and ceased operations.
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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.
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