Beyond Announced The Acquisition Of The Intellectual Property And Other Brand Assets Of Zulily, The Flash Sale Pioneer And Ecommerce Retailer
Portfolio Pulse from Benzinga Newsdesk
Beyond, Inc. (BYON) has acquired the intellectual property and other brand assets of Zulily, including its website, domain names, trademarks, customer database, and software for $4.5 million plus acquisition-related costs, excluding liabilities. The purchase was funded with cash on hand.
March 07, 2024 | 12:37 pm
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Beyond, Inc. acquires Zulily's intellectual property and brand assets for $4.5 million, excluding liabilities, aiming to bolster its ecommerce presence.
The acquisition of Zulily's intellectual property and brand assets by Beyond, Inc. is a significant move to expand its ecommerce capabilities and offerings. The exclusion of liabilities in the transaction and the use of cash on hand for the purchase indicate a well-thought-out financial strategy, likely to be viewed positively by investors. This strategic acquisition could enhance Beyond's market position and drive future revenue growth, thus potentially leading to a positive short-term impact on its stock price.
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