Hot Topic To Be Acquired by Spencer Spirit Holdings in Estimated $350 Million Deal

Hot Topic is slated to be acquired by Spencer Spirit Holdings — parent of Spencer’s and Spirit Halloween — in a deal reportedly estimated to rest at a value of ~$350 million. “The strategic transaction unites six iconic, highly complementary retail concepts under one umbrella, expanding the combined company’s total footprint to more than 3,000 stores across North America,” Spencer said in a statement (more).