Kroger Mulling Potential Acquisition of Overstock.com
Overstock.com 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 CEO 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.
Source: Total Retail Read Full Story: Kroger and Overstock.com