Loading...
See More

Microsoft to buy Yammer for $1bn

Jun 15 2012 08:39 AFP

Related Articles

The allure of Microsoft

Microsoft to release Windows 8 in October

AOL to sell 800 patents to Microsoft

Microsoft earnings flat

Microsoft sues over fake Windows recovery CDs

Microsoft buys stake in e-book reader

 

Washington - Microsoft has reached a deal to purchase the Yammer business software company for $1bn in an apparent bid to shore up its widely-used Office software, the Wall Street Journal reported on Friday.

The journal said it was unclear when the acquisition would be completed, and neither Microsoft nor Yammer could immediately be reached for comment.

Yammer, known as the Facebook of the workplace, creates private social networks inside companies that allow for file-sharing and other applications, and is thus a potential threat to Microsoft's business software dominance.

If the deal is completed, it would be the second time in a little over a year that Microsoft buys up a younger company on its way to an initial public offering, the journal said.

In May 2011, Microsoft purchased internet voice and video leader Skype for $8.5bn - its largest purchase ever - in a move aimed at boosting its presence in an online arena dominated by Google and Facebook.

Skype announced late last month that it hopes to quadruple its number of users to 1 billion, through mobile customers and partnerships with Facebook and other firms.

microsoft
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...