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.
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