[Geoff Livingston and Maggie Fox, CEO of Social Media Group]

Livingston Communications, the social media focused DC agency led by Geoff Livingston, has been sold to Toronto agency Social Media Group.

The deal was for an undisclosed amount of cash and stock. Livingston of course penned an amusing "Top Ten Reasons Why I Sold Out" post on the agency's Buzz Bin blog.

You may remember PRNewser's interview with Livingston from this past November.

It seems that things at Livingston Communications will be mostly business as usual, as the Social Media Group acquired the agency to expand their North American footprint. Says Livingston, "Now I get to do what I like, and pass the bills, HR matters and computer problems to Maggie [Social Media Group's CEO]. What a great lady!"

Full release here.