It's just the lobby/Mineverse itself. Just keep on logging in, if you get timed out, try again. I keep getting 'disconnected' on one of my computers and I keep logging back in until I'm in.
Did you try restarting your internet or computer? "Timed Out" means that something happened to your internet connection.
after a day i was able to connect restarted internet still didnt work then restarted computer still didnt work then after school next day when i got home it was working