Overstock.com wins auction for Bed Bath and Beyond's assets
1 year ago
119
What remains of Bed Bath & Beyond, the bankrupt big-box retailer known for its dizzying array of home goods, has been bought by e-commerce discounter Overstock.com, court filings from Thursday show. Overstock.com bid $21.5 million at auction for the assets of the retailer, which filed for bankruptcy in April. The sale grants the e-commerce company rights to the chain's intellectual property and mobile platform, allowing it to continue selling Bed Bath & Beyond's goods online.
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