http://valleywag.gawker.com/5124184/the-russian-bear-slashes-a-social-network
Predictions on what's going to happen with LJ?
UPDATE: More info... It's more like 12-14 of its 28 employees:
http://community.livejournal.com/no_lj_ads/83519.html
UPDATE 2: LJ/SUP has issued a press release:
http://www.livejournalinc.com/press_releases/20090106.php