Why Overstock.com (OSTK) Shares Are Climbing Thursday
Portfolio Pulse from Erica Kollmann
Overstock.com has won an auction for the intellectual property and digital assets of Bed Bath & Beyond for $21.5 million. The deal does not include keeping Bed Bath & Beyond's stores open or Buy Buy Baby assets.
June 22, 2023 | 3:45 pm
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Bed Bath & Beyond's intellectual property and digital assets have been sold to Overstock.com for $21.5 million, excluding stores and Buy Buy Baby assets.
Bed Bath & Beyond's intellectual property and digital assets have been sold to Overstock.com for $21.5 million, which could potentially lead to a decrease in the company's value as it loses its digital presence. The deal does not include keeping Bed Bath & Beyond's stores open or Buy Buy Baby assets, which means the company is focusing on liquidating its assets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Overstock.com's acquisition of Bed Bath & Beyond's intellectual property and digital assets could boost its online retail presence.
Overstock.com's acquisition of Bed Bath & Beyond's intellectual property and digital assets for $21.5 million could potentially strengthen its online retail presence and expand its customer base. The deal does not include keeping Bed Bath & Beyond's stores open or Buy Buy Baby assets, which means Overstock.com is focusing on the digital aspect of the business.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100