This JUST in! Microsoft, Inc has agreed to acquire Danger, Inc. Details on the Acquisition are not available, and Danger has not yet released a statement yet. (As of 9:53AM EST)

“Danger continues to provide an effortless and fun mobile experience for consumers,” said Henry R. Nothhaft, chairman and CEO of Danger Inc. “Now by combining our uncompromised application software and powerful back-end service with Microsoft, we can expand our innovative service offerings even further and take mobility to a new level.”

Stay tuned for more information as it comes in.

Source: Microsoft PressPass Mirror of PR Announcement

Update: 11:30am EST: The press release has been removed from Microsoft.com, and there is still no press release on Danger.com. More information as it comes in to us.
(Thanks, Moonrock for the update!)

We can only hope that Hank Nothhaft sobered up from a night of heavy drinking, and filed for an annulment from Steve Ballmer after he read the papers on the desk he signed.