GameStop Set to Acquire ThinkGeek

GameStop logoThinkGeek is an extremely popular online purveyor of all things geeky. Recently, it appeared that Geeknet Inc., (ThinkGeek’s parent company) was going to be acquired by Hot Topic. Things have changed, and it turns out that GameStop is now set to acquire Geeknet, Inc. There are those who are breathing a sigh of relief because they weren’t so keen on Hot Topic.

GameStop posted a press release that states that Geeknet has terminated its agreement with Hot Topic. The press release says that GameStop and Geeknet, Inc., “have entered into a definitive agreement under which GameStop will acquire all of the outstanding shares of Geeknet’s common stock for $20.00 per share in cash.”

The press release goes on to say that this transaction has been approved by the board of directors of both companies. It also says: “The transaction has a total equity value of approximately $140 million, including $37 million of cash and cash equivalents as of March 31, 2015.”

What happened to the potential sale of Geeknet, Inc., to Hot Topic? Geeknet, Inc., has posted the same press release as GameStop did. Either one explains a bit more about the situation.

Geeknet also announced that it had terminated its previously announced merger with Hot Topic, Inc. (“Hot Topic”). Following discussion with both GameStop and Hot Topic, the Board of Directors of Geeknet determined that the GameStop transaction represented a superior proposal. Geeknet will pay Hot Topic a termination fee pursuant to the Hot Topic agreement, for which GameStop has agreed to reimburse Geeknet.

Engadget reported that Hot Topic was offering Geeknet $17.50 per share. It is easy to see why a company like Geeknet would want to take the offer from “the highest bidder”, so to speak.

In short, GameStop will acquire Geeknet, (parent company of ThinkGeek and ThinkGeek Solutions). Right now, one can only speculate about what changes will come as a result. I’ve been a long time fan of ThinkGeek and have made several purchases from it. Now might be a good time to use up my remaining Geek Points… just in case.

SuperNova – A Bluetooth Speaker and LED Light Show

ThinkGeek SuperNovaThinkGeek, my favorite place to shop when I’m on a quest to obtain the perfect gift for the geeks in my life, has launched something new and interesting. The SuperNova Light Cube LED Bluetooth Speaker comes from their GeekLabs Division. It could definitely put a little extra fun into your celebrations.

The SuperNova Light Cube LED Bluetooth Speaker combines a powerful Bluetooth speaker with a brilliant LED light show. It features a total of 36 different patterns. There is a high-fidelity Bluetooth speaker in the base of the SuperNova. Music can be played wirelessly via a Bluetooth-enabled device or through the standard audio port.

On top of the speaker sits the most visually dynamic part of the SuperNova. It is a cube with an array of LED lights and prisms. Each light prism simultaneously transmits, refracts, and projects the LED light below it. People can chose from among the 36 patterns and select the one that they feel best fits the mood.

It is also possible to have SuperNova’s LED prism array going without also having music playing. This allows people to enjoy some peace and quiet and still have the sensory experience of the multi-colored, changing, LED show. The SuperNova is available now at ThinkGeek for $99.99.

IRIS 9000 – Use Siri From Dock

IRIS 9000

IRIS 9000

ThinkGeek has put out a new device for your iPhone 4S. The IRIS 9000 dock with remote.

So you are at home. You plug in your iPhone 4S to charge and sit down to relax. You forget that you need to schedule that appointment in your phone, however, the phone is way over there. What do you do?

The new item, slated for Q1 2012, is a remote system that lets you shout at your phone for answers. You press the remote and ask Siri a question, the speaker system will broadcast the answer to you.

The remote does not have a microphone in it. The “built-in mic” says it can pick up your voice from a distance. So you may have to yell at the top of your lungs if you are in the other room.

Hey Siri! Where’s my wrench?

It’s a great way to keep your schedule set. It might also be a great alarm clock when you have the phone plugged in, and not lying on the bed next to you. This is only for 4S models. Price: $59.99