10:22 AM EST, 03/07/2024 (MT Newswires) -- Beyond (BYON) said Thursday it has acquired the intellectual property and other brand assets of flash sale and e-commerce retailer Zulily.

The company bought the assets for $4.5 million plus acquisition-related costs. Beyond said the deal doesn't include Zulily's liabilities, liens, and debts.

Beyond said it expects the new Zulily site to be fully functional by the end of Q2 and contribute to the company's 24-month revenue target without adding any additional incremental fixed expense.

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