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Microsoft to Acquire Yammer for $1.2 billion in Cash

btarunr

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#1
Microsoft Corp. and Yammer Inc. today 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.

"The acquisition of Yammer underscores our commitment to deliver technology that businesses need and people love," said Steve Ballmer, CEO, Microsoft. "Yammer adds a best-in-class enterprise social networking service to Microsoft's growing portfolio of complementary cloud services."

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#2
(Dr. Evil voice)

One BILLION DOLLARS.
 
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#3
Nice. Zero to $1 billion in 4 years. In the same time, I think I have achieved diddlyshit.
 

Kreij

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#4
I doubt they started with zero. It takes a fair amount of starting capital to launch a large social site. That being said, I have no idea why MS thought it was worth $1.2B
 
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#5
It's worth $1.2B and I've never heard of it?
that's odd...
 
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#6
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#7
They are a private social site.... Like Twitter for enterprise. privately hosted and ran and meant as sort of an intranet.
 
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#8
Twitter and Facebook for business enterprise usage bs...1 billion. I LOLed.