Geeknet, Inc. (GKNT) Misses Q1 EPS by 36c

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Geeknet (GKNT) Acquires Treehouse Brand Stores in ~$3.5M Deal

August 1, 2014 7:16 AM EDT

Geeknet (NASDAQ: GKNT) announced the acquisition of substantially all of the assets and certain of the liabilities of Treehouse Brand Stores, LLC effective today for $1.5 million of initial cash consideration and total cash consideration of up to $3.5 million, to be paid based on the achievement of certain performance metrics.

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