Microsoft Chief government Steve Ballmer said: “The acquisition of Yammer underscores our commitment to deliver technology that companies want and other people love.” (Damian Dovarganes / Associated Press)
It’s been rumored for a moment currently, however the deal is currently official: Microsoft simply announced it’s shopping for enterprise-focused social networking supplier Yammer for $1.2 billion. Yammer can be part of Microsoft’s workplace division, with the team continuing to report back to its current CEO David Sacks.
It appears like the service can continue on in its current kind, a minimum of for the near-term — Microsoft says that Yammer can still be developed as a stand-alone product, with the corporate trying to accelerate Yammer’s adoption alongside complementary offerings.” At the time of purchase, Yammer had over 5 million company users, with workers eighty five % of Fortune five hundred corporations using the service. Of course, this deal is subject to regulatory approval and different closing conditions, thus we’ll be trying to visualize if it hits any roadblocks along the thanks to passing — Microsoft did not provides a timeline for when it expects the deal to be complete.
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Microsoft Buys Social Network Yammer for $1.2 Billion
Microsoft buys Yammer for $1.2 billion