What will this mean for us, the nerd consumer??
From The Mary Sue/RTTNews:
Geeknet, Inc. (GKNT), the parent company of online retailers ThinkGeek and ThinkGeek Solutions, Tuesday said it would be acquired by Hot Topic, Inc., a mall and web-based specialty retailer and a portfolio company of private equity firm Sycamore Partners, for $17.50 per share.
The acquisition, which has a total equity value of about $122 million, will be completed by means of a tender offer to be commenced shortly.
I suspect little will change States-side but maybe they’ll start selling TG items at Hot Topic?? I actually have a Hot Topic in my city so maybe I can buy some TG tuff without being paralyzed by shipping and duty fees. Open up a Torrid north of the border, Hot Topic Inc, and we’ll talk some more.
Also, if it wasn’t obvious, this entire post was an excuse for me to do that little graphic. Om nom nom.