Tuesday 2 June 2015
Last week, news swirled that mall mecca for all-things-punk Hot Topic was looking to acquire ThinkGeek, the online retailer for all-things-geek. In a twist, gaming retailer GameStop has stepped in and says it will instead acquire ThinkGeek, paying Hot Topic off for its troubles. In a press release, GameStop says it will purchase Geeknet Inc., the parent company of ThinkGeek, for $20 a share (versus Hot Topic’s offer of $17.50 a share.) That gives the deal an “equity value of approximately $140 million, including $37 million of cash and cash equivalents as of March 31, 2015.” The suggestion that Hot Topic…
This story continues at The Next Web
