Saturday, 16 June 2012

Microsoft in talks to buy social software company Yammer

Microsoft is reportedly in talks to purchase Yammer, which could be?a?significant?move by?the venerable software company?to add a social dimension to its?products.

Bloomberg?s sources say Microsoft could pay more than $1 billion as soon as Friday to?acquire?Yammer, which makes an enterprise social networking site that looks very similar to Facebook for the corporate environment.

Yammer just raised $85 million in its most recent round of funding in February, with its total funding reaching $142 million at that time.?Acquiring Yammer would?provide Microsoft with a set of social networking tools that could make an interesting companion for?the Microsoft Office software already popular?with corporate clients.

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