Microsoft Announced it’s Shopping of Yammer for $1.2 Billion

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.

What Others says about this news:

TechCrunch

TechCrunch | With $1.2 Billion Yammer Buy, Microsoft’s Social Enterprise Strategy Takes Shape 

Mashable

Microsoft Confirms $1.2 Billion Yammer Acquisition 

Readwriteweb

Microsoft Buys Social Network Yammer for $1.2 Billion 

AllthingsD

Microsoft Confirms Worst Kept Secret Ever, Buying Yammer for $1.2 Billion 

Slashgear

Microsoft acquiring Yammer for $1.2 billion – SlashGear 

Zdnet

Microsoft buys Yammer for $1.2 billion 

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Posted by Paracha on June 25, 2012. Filed under Articles, IT, Software. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry