Six Apart, the company behind Movable Type has acquired LiveJournal, the weblogging/journal community:

Six Apart, makers of the highly acclaimed Movable Type publishing platform and TypePad personal weblogging service, today announced that it has acquired Danga Interactive, Inc., the operators of the popular service LiveJournal, for an undisclosed amount of stock and cash. With the acquisition, Six Apart solidifies its position as the industry's recognized leader in weblogging software across all markets, and LiveJournal can continue its rapid growth trajectory under Six Apart's umbrella. As of today, the combined user base of both companies exceeds 6.5 million users, with thousands more added daily.

For many LiveJournal users, it's a community more than a tool so it will be interesting to see how all this plays out. There's been some discussion on the community aspect around the internet. I'll try to link to some of it later on today