Forever21’s parent company sued Bolt, but now it’s a shareholder

2017-08-24_00h03_35 IT総合
A lawsuit that was filed against one-click checkout startup Bolt by one of its biggest customers will be dismissed as the two parties have agreed on a settlement, the companies announced jointly today.
And interestingly, that same customer — Authentic Brands Group (ABG) — is now a shareholder of the company.
ABG declined to comment on the settlement beyond a jointly issued press release, but in an interview with TechCrunch, Bolt CEO Maju Kuruvilla did acknowledge that the two parties had “settled out of court” and that ABG is now in fact a “shareholder.”
“We’re putting our differen