Sorry Hot Topic, GameStop Is The Proud New Owner Of ThinkGeek

Sorry Hot Topic, GameStop Is The Proud New Owner Of ThinkGeek

In the face of a purchase agreement from GameStop valued at $US140 million, ThinkGeek parent company Geeknet terminated the $US122 million deal with Hot Topic it announced last week.

From the official announcement:

GameStop Corp. (NYSE: GME), a family of specialty retail brands that makes the most popular technologies affordable and simple, and Geeknet, Inc. (Nasdaq: GKNT) (“Geeknet”), the parent company of ThinkGeek and ThinkGeek Solutions, today announced they have entered into a definitive agreement under which GameStop will acquire all of the outstanding shares of Geeknet’s common stock for $US20.00 per share in cash. The transaction has been approved by the board of directors of both companies and will be completed by means of a tender offer. The transaction has a total equity value of approximately $US140 million, including $US37 million of cash and cash equivalents as of March 31, 2015.

Hopefully this means we’ll soon be able to trade in Star Wars ice cube trays for store credit.


  • Maybe the shipping will finally make some sense? But that would mean a t shirt will have 30 dollar shipping 😛

    • Bit of rort really. I’d only order from there when I had several items I wanted to make it a bit more feasible.

  • makes the most popular technologies affordable and simple

    Holy shitballs, the PR spin is strong in this one…….

    Secondly, holy shitballs thinkgeek was on the NASDAQ?

  • I would assume this means that EB games will start stocking a few think geek items? At highly outrageous prices, but stocked none the less.

    • They already do. Most of their Minecraft loot is from ThinkGeek. And those portal guns they sold a while back were from there too…

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