Bolt Joins The Deadpool
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.
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