WEBVTT

00:00:00.009 --> 00:00:03.899
Overstock dot com has won the bid to buy bed

00:00:03.910 --> 00:00:08.019
bath and beyond intellectual property and digital assets. Court

00:00:08.028 --> 00:00:12.739
records show that the takeover will cost$21.5 million.

00:00:12.750 --> 00:00:15.800
Now, that deal includes Overstock taking over the bed

00:00:15.894 --> 00:00:18.824
bath and beyond brand's name, but it does not

00:00:18.833 --> 00:00:22.804
include keeping the stores open. The fate of buy

00:00:22.815 --> 00:00:26.635
, buy baby business and stores is not affected by

00:00:26.644 --> 00:00:29.333
this deal. Now, the auction for that business

00:00:29.344 --> 00:00:31.704
is scheduled for Wednesday of next week.

