Microsoft buys Yammer for $1.2 Billion in Cash
Channel: Red Robot - Intelligent Distribution
Date: 2012-06-26

Microsoft buys leading social enterprise network provider, Yammer for $1.2 Billion in Cash.

Microsoft extends cloud services with best-in-class enterprise social networking.

Story:
Microsoft Corp. and Yammer Inc. on Monday (June 25) 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.