Geeknet, Inc.(GKNT)- NASDAQ
  • Jun. 2, 2015, 2:46 PM
    • GameStop (GME +1.4%) outbids Hot Topic for Geeknet (NASDAQ:GKNT) with a $20 per share offer.
    • The acquisition will give the retailer a new revenue channel through the ThinkGeek collectibles brand which has a loyal following.
    • Shares of Geeknet are up 0.35% to $19.85.
    | Jun. 2, 2015, 2:46 PM
  • May 26, 2015, 7:20 AM
    • Privately-owned Hot Topic acquires Geeknet (NASDAQ:GKNT) for $17.50 per share in a transaction valued at $122M.
    • The transaction places the ThinkGeek business in the hands of Sycamore Partners.
    • Shares of Geeknet closed at $7.88 on Friday.
    | May 26, 2015, 7:20 AM
  • Nov. 12, 2012, 11:11 AM

    J2 Global (JCOM +2.7%) has acquired Ziff Davis, owner of PCMag.com, ExtremeTech, Geek.com, and other tech-oriented Web properties, for $167M in cash. The purchase is slightly off the beaten path for J2, a provider of hosted communications services, but the company notes it's both a major buyer of ads, and a seller via ad-supported sites such as eFax Free. Buying Ziff-Davis puts J2 into competition with GeekNet (GKNT -1.5%). J2 recently made an offer to buy cloud backup services firm Carbonite.

    | Nov. 12, 2012, 11:11 AM