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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Microsoft to acquire Yammer

Microsoft to acquire Yammer

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1Microsoft to acquire Yammer Empty Microsoft to acquire Yammer Sun Jul 01, 2012 9:14 am

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Microsoft Corp. and Yammer Inc. today announced that they have entered into a definitive agreement under which Microsoft will acquire Yammer, a leading provider of enterprise social networks, for $1.2 billion in cash.

Yammer will join the Microsoft Office Division, led by division President Kurt DelBene, and the team will continue to report to current CEO David Sacks.

Launched in 2008, Yammer now has more than five million corporate users, including employees at 85 percent of the Fortune 500. The service allows employees to join a secure, private social network for free and then makes it easy for companies to convert a grassroots movement into companywide strategic initiative.

Microsoft to acquire Yammer RKCGta3Z
http://www.newsfirst.lk/english-news/Business/index.php?view=news_more&id=13549

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