Star Wars
Hungry Gamer

Culture: ThinkGeek! To Be Acquired By Hot Topic

Looks like Hot Topics will buy online retailer of all things g33k ThinkGeek! According to RTTNews, ThinkGeek!’s parent company, Geeknet, Inc. (GKNT),  will be bought by Hot Topic, Inc. for around $122 million.

Geeknet, Inc. (GKNT), the parent company of online retailers ThinkGeek and ThinkGeek Solutions, Tuesday said it would be acquired by Hot Topic, Inc., a mall and web-based specialty retailer and a portfolio company of private equity firm Sycamore Partners, for $17.50 per share.

The acquisition, which has a total equity value of about $122 million, will be completed by means of a tender offer to be commenced shortly.

 

Source:

Advert
Save 20 on all pre-order statues at TFAW.com!

TheMarySue

Advert
100% Awesome Official Dr Who Merchandise
Goth Geek Girl

About Jeremiah Fat-Bastard Slack

Just another G33k out in the verse having fun and helping spread g33k news and culture everywhere!!

Check Also

The Hungry Gamer Previews The 7th Citadel

Have you all heard about the latest tabletop game, The 7th Citadel by Serious Poulp? …

SuperHeroStuff - Shop Comics Now!