Microsoft officially confirms US$1.2bn Yammer acquisition (infographic) - Ireland’s business and technology news service – Siliconrepublic.com

Microsoft officially confirms US$1.2bn Yammer acquisition (infographic) - Ireland’s business and technology news service – Siliconrepublic.com: "Microsoft has officially confirmed it has entered into an agreement to acquire social enterprise network Yammer for US$1.2bn in cash. Following the deal, Yammer will become part of the Microsoft Office division.

In recent weeks, rumours began circulating that Microsoft was interested in buying Yammer in order to enter the booming enterprise social space and was prepared to pay US$1.2bn.

Launched in 2008, Yammer now has more than 5m corporate users, including employees at 85pc of the Fortune 500 companies. The service allows employees to join a secure, private social network for free and then makes it easy for companies to convert a grassroots movement into company-wide strategic initiative."

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