Microsoft Acquires Yammer For $1.2 BillionVW Staff
Microsoft Corporation (NASDAQ:MSFT) has reached a deal with Yammer to acquire the company for $1.2 billion. Yammer is an enterprise social network that boasts over 5 million users. 85 percent of the Fortune 500 companies use the service as part of more than 80,000 firms worldwide involved in the service.
Yammer will become part of the Microsoft Office Division, and will remain under the control of the firm's current CEO Kurt Sacks. The service could make an ideal addition to Microsoft . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible