Geeknet Announces Plans to Conduct Review of Strategic Alternatives for Online Media Business

Geeknet, Inc. GKNT today announced that its Board of Directors has authorized the Company and its advisors to explore strategic alternatives with respect to its online media business, including the SourceForge, Slashdot and Freecode websites. The Company and its advisors will evaluate a range of options to maximize shareholder value, including, but not limited to, a potential sale of the Company's online media business, investing additional capital to expand the online media business, or other possible transactions involving the online media business.