Flush with money from Accel Partners, BitTorrent has acquired µTorrent. They claim that BitTorrent” recognized the merits of µTorrent’s exceptionally well-written codebase and robust user community. Bringing together µTorrent’s efficient implementation and compelling UI with BitTorrent’s expertise in networking protocols will significantly benefit the community with what we envision will be the best BitTorrent client.”

This is a good move by BitTorrent to expand its user base. BitTorrent the protocol has a huge user base, but BitTorrent the company has a small fraction of the total. This acquistion puts them in a competitive position with Azureus for the P2P content distribution play.