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

Sponsor

Recent Reviews

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News