Om Malik reports that Six Apart is about to acquire Live Journal.
Om says that the deal "gives the company a very fighting chance against Googles Blogger and Microsofts MSN Spaces."
[via Niall Kennedy]
Update: SiliconBeat posts some good background on the companies. Danah Boyd thinks there may be a culture mismatch.
Update: It's official. Xeni Jardin posts the news and links out to announcements from LiveJournal and SixApart.