While this isn't at the scale of say, Kraft acquiring Cadbury or even Apple picking up Lala there's been some M&A (that's mergers and acquisition for those not up on business-speak) action in the realm of the teen tycoons. The 17 year old CEO of Teens in Tech, a teen blogging community, Daniel Brusilovsky [@danielbru on twitter] has announced the acquisition of the site Yazzem.

Yazzem, based in Michigan and founded by two 14 year olds, is a topic-based microblogging service. A user starts a topic thread in 200 characters or less and can carry on a back and forth with other users. Think of twitter with an attention span. Brusilovsky plans on integrating Yazzem's tech and features into the Teens in Tech service, which has finally emerged from private alpha this week.

Yazzem was acquired for the princely sum of $15,000, or 1.2 million XBox Live points.

Teens in Tech will be hosting a conference in San Francisco come February 6th at the Google offices in San Francisco. Who's laughing now?

[via TechXav]