Six Apart to buy Live Journal

Om Malik has just revealed that Six Apart are about to buy Live Journal. This would definitely Six Apart up a notch when it comes to competing with Google’s Blogger as it would take them to 6.5 million users.

‘Folks have been predicting a big year for mergers and acquisitions in 2005, and we are starting the year with a bang. I have learnt exclusively that Six Apart, the parent company behind hosted blogging service TypePad, and Moveable Type is about to acquire Live Journal, for an undisclosed amount. The deal is a mix of stock and cash, and could be announced sometime later this month, according to those close to the two companies.’