Fanatics Settles Bolt Lawsuit

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Exclusive: Bolt has quietly settled its lawsuit with Fanatics amid ongoing boardroom drama

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Fanatics has agreed to settle and drop a lawsuit that it filed against troubled one -click payments provider Bolt in March .

The settlement occurred as Bolt was in the thick of a new gambit to raise a large round of financing, including a “cramdown” threat for its existing investors.

Bolt did not immediately comment on the settlement.

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