Friday, August 17, 2007 Closes Doors

Following the collapse of a planned merger with fellow video-sharing site GoFish, New York-based Bolt, Inc. The note directs creditor-related questions to San Francisco-based Development Specialists, Inc., and provides an e-mail address for anyone "interested in acquiring this site or other assets of Bolt or Net Revolution." Bolt's $30 million acquisition by GoFish was torpedoed by a copyright infringement lawsuit filed against the company by Universal Music Group, which Bolt paid a reported $10 million to settle. Article