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May 26, 2015 06:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/cu4fCkSKid0/hot-topic-to-buy-thinkgeek-parent-company-geeknet
Hot Topic To Buy ThinkGeek Parent Company Geeknet
jones_supa points out the news (also at Ars Technica, and -- paywalled -- at the Wall Street Journal) that clothing and music retailer Hot Topic has announced plans to buy Geeknet, parent company of ThinkGeek and ThinkGeek Solutions, for $117.3 million. ThinkGeek Solutions is a distributor of video-game themed merchandise through licensed web stores. Hot Topic Inc. will pay $17.50 per Geeknet share. Privately held Hot Topic, based in Los Angeles, has more than 650 stores in the U.S. and Canada. Geeknet will become a Hot Topic subsidiary.This news inspires some nostalgia here; ThinkGeek was for a long time one of Slashdot's sister sites under the umbrella of VA Linux, and I had some fun years back helping to set up the ThinkGeek booth at LinuxWorld in New York.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/cu4fCkSKid0/hot-topic-to-buy-thinkgeek-parent-company-geeknet
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