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[ad_1] What remains of Bed Bath & Beyond, the bankrupt big-box retailer known for its dizzying array of home goods, has been bought by e-commerce discounter Overstock.com, court filings from Thursday show.  Overstock.com bid $21.5 million at auction for the assets of the retailer, which filed for bankruptcy in April. The sale grants the e-commerce company rights to the chain's intellectual property and mobile platform, allowing it to continue selling Bed Bath & Beyond's goods online. Neither Overstock.com nor Bed Bath & Beyond immediately replied to CBS MoneyWatch's requests for comment.  The failed retailer's brick-and-mortar stores, which once numbered more than 1,500 in the U.S., are not included in the deal. The company announced after it filed for bankruptcy that it would shutter its remaining locations by the end of June 2023 . Overstock.com was the bankruptcy auction's stalking-horse bidder, placin

[ad_1] Bed Bath & Beyond has filed for bankruptcy protection, but its stores and websites will remain open and continue serving customers, the company said. The beleaguered home goods chain made the filing Sunday in U.S. District Court in New Jersey, listing its estimated assets and liabilities in the range of $1 billion and $10 billion. The move comes after the company failed to secure funds to stay afloat. In a statement, the company based in Union, New Jersey, said it voluntarily made the filing "to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets." The firm said its 360 Bed Bath & Beyond and 120 Buy Buy Baby stores and websites will remain open and continue serving customers as it "begins its efforts to effectuate the closure of its retail locations."

[ad_1] Overstock.com is rebranding as Bed Bath & Beyond after purchasing the big-box retailer's intellectual property assets at a bankruptcy auction last week.  The e-commerce giant bid $21.5 million for Bed Bath & Beyond's website and domain names, trademarks, patents, customer database and loyalty program data, among other assets under the company's banner. Its marriage with the once-popular retailer will enable both companies to offer customers a wide selection of home furnishings, kitchen, bedding and bath-related products through a single online storefront, Overstock CEO Jonathan Johnson said.  Bed Bath & Beyond officially files for bankruptcy 00:27 "The combination of our winning asset-light business model and the high awareness and loyalty of the Bed Bath & Beyo