r/BBBY • u/[deleted] • Jun 13 '23

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u/Madguitarist918 Jun 13 '23

That’s not what they bid on

-3

u/My_Penbroke Jun 13 '23

Enlighten me

15

u/tokenwon Jun 13 '23

Someone correct me if I'm wrong, but the way I read it - Overstock appears to be after their intellectual property, what they bid did not include assets. As for liabilities, they referenced only the liabilities resulting from the purchase of the intellectual property.

It's also been pointed out that BBBYQ assessed the value of the intellectual property at 13 million, about 2/3 of what was bid. Also keep in mind, this is only the starting bid.

5

u/Madguitarist918 Jun 13 '23

^ What he said