Adobe Systems Incorporated (NASDAQ:ADBE) has acquired Typekit. Adobe CTO Kevin Lynch made the announcement at the annual MAX conference as part of the company’s Creative Cloud strategy presentation. Typekit serves three billion fonts per month on over one million different websites including typefaces used by The New York Times, Vanity Fair, and the New Yorker. Typekit is making fonts available to broad audiences with platform integration in companies like WordPress.com, About.me, Posterous, and Behance. [Typekit Blog]

The Huffington Post Media Group has acquired online grassroots company Localocracy. The price of Localocracy was under $1 million according to sources with AllThingsD. The Huffington Post, which hit one billion page views in August, also announced that they were hiring New York Times senior columnist Lisa Belkin.

Tomorrow is the official announcement at Apple Inc. (NASDAQ:AAPL) about the new iPhone. The iPhone 5 (or iPhone 4S) is expected to have a large touchscreen and faster processor than the current iPhone. The iPhone 4 sold more than 20 million devices in the third quarter ended June 25th alone.

Everybody likes retro games like Donkey Kong, Galaga, Pong, etc. There is nothing like 16-bit games with 8-bit music and sounds. Did you know that a lot of these games are available on the Internet for your enjoyment today. Below is a list of 14 of those games that you can play on the Internet:

Chamath Palihapitiya is the founder of The Social+Capital Partnership. He spent 5 years working at AOL, most recently being the General Manager of AIM and ICQ. Chamath also joined Facebook from The Mayfield Fund. Recently, Chamath was asked whether he wanted to participate in Airbnb’s latest round of funding, but he was concerned that the $112 million in funding was for founder cash-out and control. Below is the full letter from Chamath [AllThingsD]: