When Microsoft agreed to buy Yammer for $1.2 billion last summer, the companies emphasized one key point: The enterprise social network's team would stay in San Francisco and continue to report to CEO David Sacks.
Microsoft has reached a deal to purchase the Yammer business software company for $1 billion in an apparent bid to shore up its widely-used Office software, the Wall Street Journal reported 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.
By Little Apple:Microsoft (MSFT) is suddenly bursting with new life, and the rumors are swirling. The company has just announced that it will make a "major announcement" on Monday, and the press is invited.
It's cheaper than ever to launch a startup. And a theory of running companies inexpensively, known as the Lean Startup movement, has gotten popular. Yammer CEO David Sacks, who raised $142 million from investors before selling his business-collaboration company to Microsoft last year for $1.2 billion, isn't a fan.