Printed from http://www.electronista.com

WSJ: Microsoft buys Yammer for $1.2 billion

updated 05:45 pm EDT, Fri June 15, 2012

No confirmation yet on social media acquisition

Sources familiar with the matter have told The Wall Street Journal that Microsoft has agreed to acquire enterprise social networking company Yammer. The software giant is said to be purchasing Yammer for $1.2 billion, though the acquisition has yet to be completed and there is no information on when it will be announced. The Journal's confirmation comes a day after news of negotiations between the two companies first emerged.

Yammer provides Facebook-like internal communications and collaboration capabilities for businesses. The company counts more than 200,000 companies among its users, including large corporations such as Ford, Shell, and EBay.

The deal is expected to result in improved collaborative capabilities for companies relying on Microsoft's Office productivity suite. The Yammer acquisition will also provide Microsoft with more capabilities in the cloud-computing sector.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Samsung Galaxy S6 Edge

The Samsung Galaxy S6 range is a critical component in Samsung's flagging smartphone strategy. With sales of its high-end smartphones ...

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softball ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to the myriad of cloud storage solutions available. There is no doubt th ...

Advertisement

toggle

Most Commented

 
toggle

Popular News