Sarah Lacy at Pando Daily:
Creative community Colourlovers has acquired another creative community called Forrst in a bid to create the preeminent place on the Web where creative types can come together, make pretty things, help each other get better at making pretty things, share pretty things, and ultimately monetize them. The combined site wants to make great design simple and accessible and create a lucrative business doing that.
Two great communities, now merged. This is one of the few types of acquisitions I believe are actually beneficial in the long term.