On May 26, 2015, it was announced that pop culture-oriented retailer Hot Topic had made an offer to acquire Geeknet for $17.50 per-share, valuing the company at $122 million. However, on May 29, 2015, it was revealed that an unspecified company had made a counter-offer of $20 per-share; Hot Topic was given until June 1, 2015 to exceed this new offer. On June 2, 2015, it was announced that video game retail chain GameStop would acquire Geeknet for $140 million, paying $20 per share. The deal closed on July 17, 2015.