Scorching Matter is looking for ThinkGeek
Highschool is teenage tribalism, which is why the Lip Service kids aren’t going to carry with the Ceaselessly 21 set inside the lunch hall. Now, however, Scorching Matter has realized that it’s obtained tons in widespread with ThinkGeek, and has decided to swallow the world of curiosity retailer in a deal worth $122 million. Scorching Matter CEO Lisa Harper believes that it’s a good match, since every firms share a way of “delivering good merchandise for avid followers of various licensed properties.” Or, in non enterprise-school buzzkill converse, selling y’all t-shirts with Marvel characters on them will make the company far more monetary establishment if it owns one in all its rivals.
There’s an fascinating quirk of historic previous proper right here, since ThinkGeek was initially a facet problem for its dad or mum agency, Geeknet. As Bloomberg notes, the artist beforehand commonly known as SourceForge was a dot-com bubble hit once more inside the day, after it launched a Linux-based numerous to Residence home windows to the mass market. ThinkGeek was purchased with various totally different small corporations after the company raised a fortune in its IPO. Shortly afterward, however, the bubble burst and SourceForge found solace inside the internet’s solely good April Fools pranker. We’ve been unable to achieve the Lip Service kids for comment, nevertheless it is understood that they’re nonetheless utterly glad to return over and watch Doctor Who on Scorching Matter’s cable, as long as Scorching Matter doesn’t inform anyone at school.
[Image Credit score rating: Arto Brick/Flickr]