GameStop has swooped in to buy Geeknet (the company that owns ThinkGeek) on the heels of the company finalizing a deal with Hot Topic.
Geeknet terminated a previous agreement to be bought by Hot Topic Inc., and GameStop will reimburse Geeknet for the breakup free associated with that deal, the companies said Tuesday in a statement. The Hot Topic bid had a $122 million equity value. The acquisition combines GameStop’s 6,600 stores with a retailer that sold $140.7 million of geek-chic merchandise last year, mostly through its ThinkGeek website. GameStop is betting that ThinkGeek’s offerings, which include “World of Warcraft” pint glasses and “Mass Effect” hoodies, will be an easy sell to...
Online geek-y retailer ThinkGeek and its parent company Geeknet Inc. are in the process of being acquired by Hot Topic, a popular mall-based retailer best known for selling vampire T-shirts and other faux-goth-pop accoutrements. According to a press release issued this morning, Hot Topic will be picking up all of Geeknet’s outstanding shares of common stock for $17.50 per share, and the company will also be fronting about $37 million in cash. The total value of the transaction will be $122 million.
The vinyl represses for Fall Out Boy's Take This To Your Grave and Panic! At The Disco's A Fever You Can't Sweat Out can be pre-ordered now at Hot Topic. The site currently has a 25% promotion going, so I would take advantage of that if I were you.
Hot Topic has put together a video of "Holiday Tales" featuring the likes of Avenged Sevenfold, Hollywood Undead, Never Shout Never, Suicide Silence, and Mac Miller all telling their favorite and worst Christmas presents. You can watch it in the replies, but I warn you - it's got to be the worst collection of bands in one video I've ever seen.
Meg and Dia will be doing a small Hot Topic in-store tour where the first 30 fans who purchase their new record, Here, Here, and Here, or a Meg & Dia shirt will get to attend an acoustic show by the band, and those folks, as well as others who purchase the record or merch, will also be able to go to a Meg & Dia signing. Head to the replies for dates and details.
Hot Topic is holding a bunch of huge events at stores around the country including meet and greets with Forever the Sickest Kids, All Time Low, The Academy Is..., and an exclusive Twilight soundtrack listening party in the upcoming weeks. Check the replies for more.
Stop by any Hot Topic location this Friday, August 22, 7 p.m. to hear Underoath's new album, Lost In The Sound Of Separation. Pre-order your copy of the CD during the listening party and get a special gift while supplies last.
The HorrorPops have put "MissFit" and "Boot2Boot" up for streaming on their myspace. They will also be doing an in-store signing in Montclair, CA this upcoming Tuesday. Check the replies for full details.
Wanna be one of the first to hear Bullet for My Valentine's latest album, Scream Aim Fire, before it hits the streets? Of course you do. Hot Topic is hosting an exclusive listening party on 1/18/08 at 7 PM in all store locations. If you pre-order a copy of the album while there, you will receive a special gift while supplies last. There will also be be a 10% discount on certain items during the listening party.