Earlier this summer, GameStop acquired ThinkGeek in a $140 million transaction that observers thought might put great geeky collectibles inside GameStop stores. While the two companies have done that, there’s another phase to their plan: later this month, the first offline ThinkGeek store will open on September 25 at the Florida Mall in Orlando. [More]
Geeknet
GameStop, Not Hot Topic, To Acquire ThinkGeek For $140 Million
By 6.2.15
Remember the long, long-ago of, er, just last week when we thought Hot Topic was planning to buy the parent company of online specialty retailer ThinkGeek? Well, now they’re not. A mysterious new suitor showed up just a few days later, and it appears they have the better bid. And so, Geeknet today announced that their brief fling with Hot Topic is over, and they will be joining up with GameStop instead. [More]
ThinkGeek Parent Geeknet Giving Hot Topic Three Days To Match Rival Suitor’s Offer
By 5.29.15
The love triangle between the parent company of online retailer ThinkGeek and its two suitors continues to heat up, with Geeknet now telling original suitor Hot Topic it has until Monday to match or exceed the higher bid from a new mystery rival. Because like so many real life dating situations, it all comes down to an ultimatum. [More]
ThinkGeek’s Parent Company Says A New Suitor Has Followed Hot Topic Into The Bidding Ring
By 5.27.15
What’s a little retail merger romance without a love triangle thrown in for good measure? After the news yesterday Hot Topic was buying online retailer ThinkGeek’s parent company GeekNet in a deal worth $122 million, the purveyor of sci-fi curiosities and comic book inspirations says another suitor has thrown in a bid to buy it. [More]
Hot Topic Buying Parent Company Of Online Retailer ThinkGeek For $122M
By 5.26.15
Mall staple Hot Topic is taking another chain under its umbrella for a $122 million price tag, announcing that it’s acquiring Geeknet, Inc., parent company of online retailers ThinkGeek and ThinkGeek Solutions, for $122 million. Commemorative T-shirts with cheeky sayings for everyone! [More]
