Home / News Summary: Microsoft picks up Yammer for $1.2B

News Summary: Microsoft picks up Yammer for $1.2B

My Fox Spokane Biz
News Summary: Microsoft picks up Yammer for $1.2B
Submitted by Fox First at Ten on June 25th

By The Associated Press
SOCIAL DEAL: Microsoft has agreed to buy Internet startup Yammer for $1.2 billion in an effort to provide more Facebook-like features to its corporate customers. Yammer Inc. specializes in building private social networks that enable employees within the company to track each other's work.
THE MOTIVE: The Yammer deal announced Monday is part of Microsoft Corp.'s effort to adapt to changing technology that is driving demand for more Internet-connected services and social networking tools.
FACEBOOK DNA: Yammer, founded in 2008, raised money from some of the same people that backed Facebook after that online social network was started in 2004.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Post new comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

Comments

Most Popular Stories

Obama To Visit Tornado-Ravaged OK Town

Obama To Visit Tornado-Ravaged OK Town
Submitted by Fox First at Ten on May 22nd
WASHINGTON (AP) - President Barack Obama will travel to tornado-ravaged Moore, Okla., on Sunday.    That's according to a White House official, who wasn't authorized to publicly discuss the trip ahead of the official announcement and requested anonymity.    A

Small Fla. city anxious to learn jackpot winner

Small Fla. city anxious to learn jackpot winner
Submitted by Fox First at Ten on May 20th
By TAMARA LUSH and BARBARA RODRIGUEZAssociated Press ZEPHYRHILLS, Fla. (AP) - It could be an anxious wait of up to two months for people in a small Florida city to find out who won the highest Powerball jackpot in history: an estimated $590.5 million. The lucky ticket was bought sometime Saturday

SAY WHAT?!? Freak Snow In Washington State Town Cancels School

SAY WHAT?!? Freak Snow In Washington State Town Cancels School
Submitted by Fox First at Ten on May 22nd
BICKLETON, Wash. (AP) - A freak snow has given students a snow day in May in the Klickitat County town of Bickleton.    School Superintendent Ric Palmer says 10-to-12 inches fell in places overnight and heavy snow brought some tree branches down on lines, knocking out power and