Bed Bath & Beyond’s IP Assets Could Boost Overstock’s Sales by More Than $150 Million Next Year
There’s money in the bankrupt retailer’s digital properties and OSTK stock investors could see that delivered as soon as 2024 Overstock.com (NASDAQ:OSTK) emerged as a market frontrunner on Thursday, as shares saw a sharp 17.3% increase after confirmation of its successful bid to purchase a portion of bankrupt Bed Bath & Beyond’s (OTCMKTS:BBBYQ) intellectual property and assets. In the aftermath of the demise of BBBYQ, Overstock.com made a strategic move to secure key assets including intellectual property rights, business data, and rights to mobile applications. The $21.5 million transaction i...