SocialThing Acquired by AOL

The big news tonight is that AOL has acquired the lifestreaming service, SocialThing. This acquisition is by AOL’s People Networks division. Frank Gruber, who is one of the primary product managers in that division, announced the acquisition on his blog tonight. There’s no word on how much the company was acquired for but you can pretty much guarantee that it’s nowhere near the $850 million AOL spent on Bebo.