GameStop Buys Think Geek in $140 Million Deal

Surprised it hasn't been talked about any since this was announced on Tuesday, anyways here's an article about it. I've never used Think Geek, but this deal seems insane to me - is this the next move for GameStop? Are we going to see them as kinda the "Hot Topic" of video games?

I know originally Hot Topic wanted this deal:

GameStop Buys Think Geek

quote:

---

Video game retailer GameStop announced on Tuesday that it has acquired Geeknet, the parent company of tech-focused online retailer Think Geek. GameStop will acquire all of Geeknet's outstanding stock (yes, they are a publicly traded company) for $20 per share, meaning the deal is worth an estimated $140 million.


Geeknet was previously in merger discussions with Hot Topic, but those talks have been terminated.

---

quote:

---

Geeknet's CEO Kathryn McCarthy said, "As a part of GameStop's family of brands, Geeknet will be well-positioned to achieve our goals of increasing our brand awareness and expanding our product offerings."

---