Ashlee Simpson & FallOut Boy Rocker Beau Engaged

Ashlee Simpson and Pete Wentz of FallOut Boy have announced their engagement. "We know there has been a lot of speculation recently about Pete and I, and we wanted our fans to be the first to know, because you guys are the best. Yes, we are thrilled to share that we are happily engaged. Thank you for all of your support and well wishes – it means the world to us. We consider this to be a very private matter, and we wanted to be the first to tell you and to hear it straight from us," Ashlee posted on friendsorenemies.com. The pair have been linked since fall 2006.

Picture by WireImage