Overstock.com acquires Bed Bath & Beyond's intellectual assets

Bed Bath & Beyond will live to see another day.

The bankrupt retailer has accepted a $21.5 million bid from online-only home furnishings retailer Overstock.com, according to a court filing on Thursday. The sale is expected to be approved at a bankruptcy hearing court on Tuesday. 

Overstock, which was previously selected as the stalking-horse bidder for Bed Bath & Beyond’s bankruptcy auction, will buy some of the company’s intellectual assets, including its brand name, publicity rights, business data and digital assets.

The deal does not include Bed Bath & Beyond’s brick-and-mortar stores, which are in the process of conducting going-out-of-business sales.  The company filed for Chapter 11 in April 2023 with plans to wind down its business. 

Bed Bath & Beyond will conduct a separate sale for the assets of its BuyBuy Baby division, with an auction scheduled for next Wednesday, June 28.