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GameStop Swoops In To Buy ThinkGeek For $140 Million

Posted by Soulskill on from the will-pay-you-8-cents-for-used-annoy-a-trons dept.

Lirodon writes: Remember a few days ago, when Slashdot's former parent company was the subject of a $122 million takeover bid by Hot Topic? Well, another geeky retailer entered the fray in the battle for ThinkGeek, and won. GameStop will be acquiring Geeknet for $140 million. The video game retailer has promised synergies, such as in-store pickup and integration with its rewards program.

2 of 93 comments (clear)

  1. Eh ... by ninjagin · · Score: 4, Insightful

    I think it's a better buyer, personally. Hot Topic just seemed like an organization that would not appreciate all of the little, goofy, technical-fun bits of TG that I like. GameStop is closer, I think, to knowing the TG target customer.

    --
    .. pa-ra-bo-la, pa-ra-bo-la, 2 pi R, 2 pi R, where's your latus rectum, where's your latus rectum, 2 pi R
    1. Re:Eh ... by bhcompy · · Score: 4, Insightful

      Have you been on ThinkGeek lately? It's basically the modern Hot Topic in internet form. The front page of both websites contains Doctor Who, Marvel, Minecraft, Star Wars, and a number of other primary properties. The days of USB rocket launchers are in the past. Hot Topic was a great buyer for ThinkGeek(and awful for all of the other properties). Much better than GameStop from that perspective