Apparently Lowtax's long slide has only accelerated, with health issues, substance abuse issues, and multiple allegations of domestic violence.
SA was a huge source of early internet culture, for the uninitiated. Groverhaus came out of it, Goonswarm, as well as many NSFW things (swap.avi anyone?).
The purchaser is a longtime SA user, apparently. I haven't had an active account there for over a decade, so I'm locked out of a lot of the details, but that's the overview.
Only joined for da filez