Hot Topic Buys ThinkGeek Parent Company

Mall retail staple Hot Topic has entered into an agreement to buy Geeknet, Inc., the parent company of online retailer ThinkGeek. Hot Topic will pay $122 million to buy all outstanding shares of Geeknet. Hot Topic CEO Lisa Harper said the company is pleased to have entered into this agreement, and it looks forward to "adding Geeknet's innovative products and services" to its portfolio.