Deals
Overstock Climbs on Report That Kroger Might Be Eyeing Deal
- Supermarket chain also has been seen as buyer of Boxed.com
- Overstock CEO has said that he wants to focus on blockchain
This article is for subscribers only.
Overstock.com Inc. gained as much as 4.5 percent on speculation that supermarket giant Kroger Co. might acquire the e-commerce company.
The New York Post reported on Friday that the grocery chain may be eyeing a deal with Overstock, citing unidentified sources. Overstock Chief Executive Officer Patrick Byrne said in December that selling the e-commerce business to a brick-and-mortar retailer was a possibility. He aims to refocus on the burgeoning field of blockchain technology.