GoFish Corp. buys rival Bolt Media

Online video site GoFish Corp. agreed to buy rival Bolt Media, the same day the latter company was reportedly nearing a multi-million-dollar deal to settle a copyright-infringement suit filed by Universal Music Goup. GoFish said the stock-for-stock transaction was valued at up to $30 million. The combined company plans to develop made-for-the-Internet programming aimed at people from 18 to 34 years old, a prime demographic for advertisers.