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Flooz.com Inc. said it has ceased operations and plans to file for bankruptcy protection, blaming “dramatic changes” in the capital markets and the U.S. economic slowdown.
Flooz chief executive Robert Levitan said that the company had been in merger discussions with a number of companies but “those discussions did not result in the sale of the business.” Mr. Levitan declined to name which companies had been involved in the talks.
Flooz took down its online gift-currency service earlier this month.
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