February 2, 2018 / 12:36 PM / 3 months ago

BRIEF-Overstock.Com's tZERO Purchases 24% Stake In Stockcross Financial

Feb 2 (Reuters) - Overstock.Com Inc:

* TZERO, OVERSTOCK.COM’S BLOCKCHAIN SUBSIDIARY, PURCHASES 24% STAKE IN STOCKCROSS FINANCIAL

* OVERSTOCK.COM INC - IN CONNECTION WITH TRANSACTION, TZERO WILL RECEIVE APPROXIMATELY 1.2 MILLION SHARES OF SIEBERT

* OVERSTOCK.COM INC - ‍UNDER TERMS OF TRANSACTION, TZERO HAS ACQUIRED A 24 PERCENT INTEREST IN STOCKCROSS FOR $12 MILLION​

* OVERSTOCK.COM INC - IN A SEPARATE TRANSACTION, TZERO PURCHASED A 1 PERCENT OWNERSHIP INTEREST IN KENNEDY CABOT ACQUISITION, LLC

* OVERSTOCK.COM INC - TZERO WILL OWN BENEFICIALLY APPROXIMATELY AN ADDITIONAL 200,000 SHARES OF SIEBERT

* OVERSTOCK.COM INC - TZERO’S BENEFICIAL OWNERSHIP OF SIEBERT SHARES WILL TOTAL 5.3 PERCENT OF SIEBERT’S OUTSTANDING SHARES Source text for Eikon: Further company coverage:

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