New York - Following the collapse of a planned merger with fellow video-sharing site GoFish, New York-based Bolt, Inc. has ceased operations, according to a note on the company's website.

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.

Related Links:
http://www.bolt.com

http://tinyurl.com/2th6dj (DMW previous coverage)