“Microsoft is buying Internet startup Yammer for $1.2 billion in an attempt to bring Facebook-like sharing features to its widely used suite of business software applications,” reports the Boston Globe. Yammer creates private social networks so employees within the same company can keep tabs on what their co-workers are working on — similar to how Facebook’s social network enables friends and family members to track what is happening in each other’s personal lives. According to the Globe, the deal “comes nearly two weeks after word of Microsoft’s negotiations with Yammer first leaked out in published reports.”
Microsoft buying internet startup Yammer
Microsoft will purchase Yammer for $1.2 billion in an attempt to bring Facebook-like sharing features to its business software applications.
June 26, 2012