Bed Bath & Beyond‘s intellectual property, internet and mobile properties, and business data are part of the $21.5m bid made by online retailer Overstock.com.
However, the offer does not include the Bed Bath & Beyond and Buy Buy Baby store locations, which are currently running going-out-of-business sales.
Competing bids due by Friday
Friday marks the deadline for competing bids in the bankruptcy-run auction. Overstock.com’s offer will set the minimum price for the auction, which is scheduled to take place on June 21.
Bed Bath & Beyond’s stores not part of the offer
The bid made by Overstock.com does not include Bed Bath & Beyond’s physical store locations. The retailer, which sought chapter 11 protection in April, had 360 Bed Bath & Beyond stores and 120 Buy Buy Baby locations that were open when it filed for bankruptcy.