An Unlikely Partnership

1

gamestop_thinkgeek

Last week there was speculation that Hot Topic would be purchasing Thinkgeek. And honestly, we were excited for the prospect, especially given their recent track record. However, today, in an interesting turn of events, it was announced that Gamestop (yes, THAT Gamestop) would be acquiring Thinkgeek.

“GRAPEVINE, Texas & FAIRFAX, Va.–(BUSINESS WIRE)–GameStop Corp. (NYSE: GME), a family of specialty retail brands that makes the most popular technologies affordable and simple, and Geeknet, Inc. (Nasdaq: GKNT) (“Geeknet”), the parent company of ThinkGeek and ThinkGeek Solutions, today announced they have entered into a definitive agreement under which GameStop will acquire all of the outstanding shares of Geeknet’s common stock for $20.00 per share in cash. The transaction has been approved by the board of directors of both companies and will be completed by means of a tender offer. The transaction has a total equity value of approximately $140 million, including $37 million of cash and cash equivalents as of March 31, 2015.

Geeknet also announced that it had terminated its previously announced merger agreement with Hot Topic, Inc. (“Hot Topic”). Following discussion with both GameStop and Hot Topic, the Board of Directors of Geeknet determined that the GameStop transaction represented a superior proposal. Geeknet will pay Hot Topic a termination fee pursuant to the Hot Topic agreement, for which GameStop has agreed to reimburse Geeknet.”

Read the rest of the press release here.

While we typically don’t do this type of post, but there’s no denying that this could easily affect the future of geek fashion as it is related to Thinkgeek. Our hope is that Thinkgeek remains as it is, and continues to be a great source of geeky items. However, there’s still cause for concern given that this is territory that Gamestop has never been a part of.

We’ll definitely be keeping an eye on this acquisition as it develops, and hope for the best. What are your thoughts on this? We’d love to hear them in the comments!

May The 4th Be With Your Wallet

stsmay4wallet

Over the years May the Fourth has gone from a little known unofficial holiday celebrated by only the most hardcore of Star Wars fans, to a  commercially known Star Wars extravaganza. Holidays or anniversaries of any kind automatically mean special deals from companies, and this year is the best we’ve ever seen for various Star Wars awesomeness!

Continue reading

Geek Fashion Week is Coming!

1

GFW LogoWhile we’ve seen companies and blogs make use of the term “geek fashion week” in the last year or two to celebrate specific products or geek fashion in general, this year we finally see an actual Geek Fashion Week event! How exciting! Hosted simultaneously online and in L.A. the week of March 23rd – 29th, Geek Fashion Week is the brainchild of friend and fellow geek fashionista Dina Kampmeyer, along with a team of other fashionably amazing geeks. It’s time to level up your fashion.

Continue reading

It Is Very Cold In Space – Wear One of These!

2

stshutrek

Not all of us can rock the cold of space with our rippling chest muscles exposed the way Khan could (and could he ever) . For the rest of us who would like to be a little bit warmer, and a lot more clothed, there’s a new release of Star Trek (and Star Wars!) themed Her Universe long-sleeved tees available at ThinkGeek!

Continue reading