Overstock.com Places a $21.5 Million Bid for Bed Bath & Beyond Intellectual Property Assets

Bed Bath & Beyond’s brand name may be the only part of the failed retailer that lives on.

The home goods chain, which also owns Buy Buy Baby stores, received a $21.5 million offer from online retailer Overstock.com for some of its assets, including its intellectual property, according to court papers filed Tuesday.

Overstock.com’s stalking horse bid – which will set the floor at the expected bankruptcy-run auction – also includes the business internet and mobile properties and all business data. The offer doesn’t include Bed Bath & Beyond or Buy Buy Baby’s store locations, which are running going-out-of-business sales.

Read the source article at cnbc.com