Tag: thinkgeek

What’s a little retail merger romance without a love triangle thrown in for good measure? After the news yesterday Hot Topic was buying online retailer ThinkGeek’s parent company GeekNet in a deal worth $122 million, the purveyor of sci-fi curiosities and comic book inspirations says another suitor has thrown in a bid to buy it. On Wednesday, Geeknet confirmed that it’d received an unsolicited offer from a strategic buyer that remains nameless, to buy all oustanding common stock for $20 per share in cash. That’s in comparison to the $17.50 per share offer Hot Topic threw down on Tuesday. It’s now up to Geeknet’s board of directors to consult legal teams and financial advisors to mull over this latest proposal.