Overstock.com acquires Bed Bath & Beyond's digital assets for $21.5M
TL;DR Summary
Overstock.com has won an auction for some of Bed Bath & Beyond's assets, including its intellectual property and mobile platform, for $21.5 million. The bankrupt retailer's stores are not included in the purchase, but Overstock will also receive its business data and publicity rights, while assuming certain liabilities related to transferred contracts. The sale is subject to approval by the bankruptcy court.
- Overstock.com pays over $21.5M for Bed Bath & Beyond assets at auction Fox Business
- Bed Bath & Beyond to sell IP to Overstock.com in bankruptcy, stores still set to close Yahoo Finance
- Overstock.com wins Bed Bath & Beyond assets with $21.5M bid USA TODAY
- Overstock to buy Bed Bath & Beyond's intellectual property assets The Washington Post
- Overstock Jumps after Winning Bid for BBBYQ’s Digital Assets TipRanks
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