Bed Bath & Beyond to Acquire Real Estate Platform for $53M

Bed Bath & Beyond to acquire real estate platform for $53M

The all-stock deal to buy Fathom Holdings adds a home financing and brokerage element to the retailer's business.

Bed Bath & Beyond to acquire Fathom for $53.38M

Retailer Bed Bath & Beyond Is Buying a Real Estate Brokerage. What’s Behind the Move?

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Bed Bath & Beyond enters real estate with Fathom deal

For decades, American consumers have wondered what the “Beyond” in Bed Bath & Beyond actually refers to. Well, as of Wednesday morning, one thing is clear: It refers to real estate brokerage, mortgage, title, insurance and homeowner financial services, after the firm announced it signed a definitive agreement to acquire Fathom Holdings in an all-stock deal valuing the national, technology-focused real estate services platform at $53.38 million. …

Fathom Holdings to be acquired by Bed Bath & Beyond in $53M deal

The move is part of a plan to create a fully end-to-end homeownership platform that spans real estate transactions, omnichannel commerce and home services.

Bed Bath & Beyond Acquires Fathom Holdings for $53 Million

Fathom has also announced that Adam Rothstein, a current member of its board of directors, has been appointed interim CEO. Continue Reading Bed Bath & Beyond Acquires Fathom Holdings for $53 Million The post Bed Bath & Beyond Acquires Fathom Holdings for $53 Million appeared first on Weekly Real Estate News.