Bed Bath & Beyond Inc. (NASDAQ:BBBY) has entered a definitive agreement to acquire real estate services platform Fathom Holdings for approximately $53.38 million as it pushes deeper into the full homeownership lifecycle.
The deal calls for Fathom shareholders to receive 0.2236 shares of Bed Bath & Beyond common stock for each Fathom share held, subject to certain closing adjustments.
The acquisition adds Fathom's brokerage, mortgage, ****** le, insurance and homeowner financial services capabilities to Bed Bath & Beyond's growing "Everything Home" platform.
Bed Bath & Beyond said the combined company aims to build what it described as the nation's first end-to-end homeownership platform, connecting home buying, financing and furnishing under one roof.
The deal is expected to accelerate adoption of Fathom's intelliAgent technology platform and generate cross-selling opportunities across home services and products.
The deal calls for Fathom shareholders to receive 0.2236 shares of Bed Bath & Beyond common stock for each Fathom share held, subject to certain closing adjustments.
The acquisition adds Fathom's brokerage, mortgage, ****** le, insurance and homeowner financial services capabilities to Bed Bath & Beyond's growing "Everything Home" platform.
Bed Bath & Beyond said the combined company aims to build what it described as the nation's first end-to-end homeownership platform, connecting home buying, financing and furnishing under one roof.
The deal is expected to accelerate adoption of Fathom's intelliAgent technology platform and generate cross-selling opportunities across home services and products.
4 months ago
