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Hold on, now GameStop's buying ThinkGeek
There was a hushed silence as the Priest shouted "should anyone have an objection to the marriage of ThinkGeek and Hot Topic, speak now or forever hold their peace." Suddenly, a side-door slammed open as GameStop rushed in, demanding that the ceremony stop, because it alone was ThinkGeek's one true love. Hot Topic blanched as ThinkGeek struggled to make eye contact, before nodding in agreement, apologizing and bolting from the altar. As ThinkGeek and GameStop ran down the aisle, arm in arm, the online retailer knew that it had done the right thing because, after all, GameStop had loads more money.
Hot Topic is buying ThinkGeek
High school is teenage tribalism, which is why the Lip Service kids aren't going to hang with the Forever 21 set in the lunch hall. Now, however, Hot Topic has realized that it's got plenty in common with ThinkGeek, and has decided to swallow the niche retailer in a deal worth $122 million. Hot Topic CEO Lisa Harper believes that it's a good fit, since both companies share a strategy of "delivering great products for avid fans of various licensed properties." Or, in non business-school buzzkill speak, selling y'all t-shirts with Marvel characters on them will make the company even more bank if it owns one of its rivals.
Dice Holdings buys Slashdot, Freecode and SourceForge for $20 million
Dice Holdings, the unimaginatively named owner of technology jobs site Dice.com has purchased Geeknet's media business for a cool $20 million. The deal hands over control of the world-famous Slashdot, Freecode and SourceForge to the careers company, commencing the careers site's push into tech content. It leaves Geeknet with one remaining property, ThinkGeek, which will now be getting all of that company's attention -- hopefully to produce products that are even more lust inducing than Cave Johnson's portrait.
