The retailer Hot Topic is buying the parent company of ThinkGeek and ThinkGeek Solutions for about $117.3 million.
ThinkGeek sells clothing, toys, gadgets and other products mostly based on popular movies, television shows and brands with "geek" appeal. That includes "Star Trek,"
ThinkGeek Solutions is a distributor of video-game themed merchandise through licensed web stores.
Hot Topic Inc. will pay $17.50 per Geeknet share. That's more than double the company's Friday closing price of $7.90.
The companies put the transaction's total value at approximately $122 million.
Shares of Geeknet Inc., which is based in Fairfax, Virginia, more than doubled, rising $9.19 to $17.09 on morning trading Tuesday.