Deal Journal
by Stephen Grocer, blogs.wsj.comJune 25th 2012 4:40 PM
Microsoft agreed to acquire enterprise social networking company Yammer. for $1.2 billion in a deal that will expand the software giant's cloud services portfolio.
Yammer is often called Facebook for the workplace because it creates private social networks inside companies. Yammer—launched in 2008—also has file-sharing tools and other software.
The deal would be the second time in about a year that Microsoft intercepted a company on the way to a potential initial public offering. Last May, Microsoft agreed to buy video-calling service Skype SARL for $8.5 billion, the biggest acquisition in the company's history.
Original Page: http://pocket.co/sodxU
Shared from Pocket
Victor Cuvo, Attorney at Law
770.582.9904
(sent from new iPad)
No comments:
Post a Comment