Who says all the social media M&As happens in the West Coast?

Congratulation Nick O’Neill, the founder of Washington, DC based Social Times! He got to be a happy dude tonight. His blog that started less than two years ago was acquired by WebMediaBrands (NASDAQ:WEBM) today. Correction: according to Nick, the Social Times is more than just a blog. their events, mixers and conferences take place all around the country, with an online presence linking all physical events back to the website. They update their site daily with news and videos, and serve as a hub linking our users to all types of media pertaining to building social capital.

I met Nick at the first Techcrunch event in London about three years ago. Neither of us knew we were both Washingtonian and in social media space.

The financial details of the transaction are not disclosed. Whatever it is, acquisition always create a good buzz in town. I hope With the resources I am sure they will get from WebMediaBrands, they grow faster and bigger. Nick will be staying on to continue running Social Times.