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

toggle

Most Popular

Advertisement

Recent Reviews

Apple 12-inch Retina MacBook

It is an exciting time for consumer technology, with gadgets and devices that once used to the stuff of dreams now coming to fruition. ...

JBL Synchros Reflect in-ear headphones

All headphones are not created equally, especially when it comes to use during vigorous activities or workouts. Over-the-ear headphone ...

Linksys WRT1200AC Wi-Fi Router

Once upon a time, a brand-new Linksys router showed up on our doorstep. So we gathered some network-minded friends together, and hooke ...

Advertisement

toggle

Most Commented

 
toggle

Popular News