In an interesting choice of words, the Thing Labs blog (blog.thinglabs.com) refers to this as a "merger".
"We are pleased to announce that as of today, Thing Labs is merging with AOL. This deal has been in the works for a little while, and we’ve been dying to tell you all, but today it’s official!"
"We are pleased to announce that as of today, Thing Labs is merging with AOL. This deal has been in the works for a little while, and we’ve been dying to tell you all, but today it’s official!"