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Overstock.Com Inc (NASDAQ:OSTK) shares are moving higher Thursday after the company announced the consummation of its acquisition of certain IP assets of Bed Bath & Beyond.
What Happened: Overstock said it would begin combining its asset-light business model with the Bed Bath & Beyond brand under a Bankruptcy Court supervised process. Assets acquired include website and domain names, trademarks, tradenames, patents, a customer database and loyalty program data.
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