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漂流瓶终于彻底拜拜 微信7.0.4新版体验
微信漂流瓶被玩坏了 聊聊漂流瓶里那些事
微信关闭漂流瓶 它曾经满足了我们对世界的好奇
微信暂停漂流瓶功能:对色情内容零容忍
[视频]惠普Chromebook x360 14 G1评测:搭载Chrome OS的商务变形本
特斯拉:北京客户可三年免息融资购车并免费租赁车牌
借贷宝:停止催收百名裸条女大学生 未满23岁将不得借贷
京东白条多地频现盗刷 消费者遭催收公司“逼债”
借款野蛮催收行为将被规范 真是几家欢喜几家愁
为规范网贷催收 上海互金协会发行业倡议书
腾讯解释为什么微信没有夜间模式 真相你相信吗?
一张发行8年的微信唱片:只收录了4首歌曲


Bed Bath & Beyond acquires One Kings Lane for undisclosed sum
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编辑: 1   作者: Techcrunch   时间: 2018/11/1 4:18:09  

Home furnishings site One Kings Lane has found a home of its own, with ?Bed Bath & Beyond. The retailer announced a cash acquisition of the e-commerce startup, but the price was not disclosed.

Bed Bath & Beyond is a public company, so that means it needs to announce acquisition prices if the purchase is considered material. That could be up to about 15% of the company’s $6.5 billion market cap.

But as Dan Primack pointed out on Twitter, Bed Bath & Beyond had under $600 million in cash (closer to $500m) as of its last earnings. ?This suggests that the purchase price was substantially lower than One Kings Lane last valuation of its previous valuation above $912 million.

There was already talk that One Kings Lane could sell for as low as $150 million. ?Considering the company has raised at least $225 million, this is a very disappointing outcome for investors, which include Kleiner Perkins and Greylock.

The One Kings Lane acquisition draws similarities to Gilt, which was acquired by Saks Fifth Avenue owner, Hudson Bay, earlier this year. Both are e-commerce sites that gained traction with consumers when “flash sale” sites were more popular. But significant competition made it difficult to raise prices.

"We are excited to be part of the Bed Bath & Beyond family," said Dinesh Lathi, Chief Executive Officer of One Kings Lane, in a statement. “This is a tremendous opportunity for our customers, as well as our employees and business partners, to benefit from additional support and resources and gain exposure to new customers. We look forward to being able to continue to differentiate our product offerings and refine our point of view to further delight our current and future customers."

It is unclear how closely San Francisco-based One Kings Lane will be integrated into the Bed Bath & Beyond brand. According to a statement from Bed Bath & Beyond CEO Steven Tamares, “One Kings Lane will serve as a cornerstone for Bed Bath & Beyond's growing offerings in furniture and home décor, and together we will be able to do even more for and with our collective customers wherever, whenever and however they wish to interact with us, and to further our mission to be viewed as the expert for the home."

The deal occurred during the second quarter of the year, and it is possible that we will get some more clarity around the purchase price when Bed Bath & Beyond reports earnings in July. ?