Tim O’Reilly, of O’Reilly Media has acquired analyst Esther Dyson’s Release 1.0 publication, and is renaming it Release 2.0 to help promote the Web 2.0 brand, which was coined by and is owned by O’Reilly’s group.

O’Reilly confirmed the story, first reported at Valleywag, however told VentureBeat that “taken over” is a more accurate term to describe the transaction than “bought,” without elaborating. We’ll take this to mean that the publication wasn’t pulling in that much money.