Overstock.com Wins , Bed Bath & Beyond Auction.<br />Overstock.com will assume control of <br />Bed Bath & Beyond's intellectual property <br />and digital assets, NBC News reports. .<br />Court records filed on June 22 indicate that $21.5 million was the winning bid. .<br />While the deal won't keep Bed Bath & Beyond <br />stores open, the failed retailer's name will live on.<br />The sale must be approved <br />at a hearing on June 27.<br />If for some reason the deal with Overstock.com falls through, <br />there is a backup bidder in place.<br />The backup bidder, Ten Twenty Four, operates as Beyond Pricing and helps vacation rental owners maximize profits. .<br />Bed Bath & Beyond intends to separately auction its Buy Buy Baby chain.<br />This would allow the company to find a buyer to keep those stores open without assuming Bed Bath & Beyond's assets. .<br />That auction is scheduled to <br />take place on June 28
