Microsoft to buy Yammer for $1 billion

 

Second billion-dollar social buy this year.

Microsoft is set to buy internal social collaboration network Yammer for more than $US1 billion, according to reports from the Wall Street Journal.

It was not certain when the deal would be completed and formally announced, the Journal said.

San Francisco-based Yammer declined to comment, while Microsoft could not be reached for comment outside regular US business hours.

However, Microsoft has unveiled plans to announce something significant on Monday.

Yammer, which began in 2008 and provides enterprise social networking services, has raised more than $142 million in venture capital funding.

It says it counts more than 80 percent of Fortune 500 companies as clients, and is backed by PayPal co-founder Peter Thiel, who also invested in Facebook.

An estimated 15,000 companies and government agencies – totally 250,000 users – use the internal social network in Australia, including NAB, Suncorp, Westfield and AMP.

(Reporting by Jochelle Mendonca in Bangalore; Editing by Ian Geoghegan)


Microsoft to buy Yammer for $1 billion
 
 
 
Top Stories
Don’t mention digital disruption to David Whiteing
Buzzwords don’t curry favour with CBA's new CIO - it’s all just innovation to him.
 
Content, cost & constant innovation: How Foxtel plans to take on Netflix
Nell Payne inhabits the “brave new world of blue strings and networking”. Just don't ask her to put a TV screen on your microwave.
 
Westpac fires starting pistol on core banking upgrade
St George readies itself for move to Celeriti.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest articles on BIT Latest Articles from BIT
Microsoft launches Office for Android preview
May 22, 2015
Microsoft has launched a preview of Office for Android smartphones. Pre-release versions of ...
Microsoft is working on an iOS email chat feature called Flow
May 22, 2015
Microsoft is working on a new chat app, but at the moment we know more about what we DON'T know, ...
Windows 10 free upgrade: Microsoft details who gets what
May 22, 2015
Microsoft was meant to be streamlining its OS with Windows 10, so why is upgrading so confusing? ...
Windows 10 has an edition to suit everyone's needs
May 15, 2015
Microsoft unveils a mind-melting six editions of Windows 10 ahead of its Winter 2015 launch. ...
Firefox 38 FINAL released, debuts new tab-based preferences
May 13, 2015
Mozilla has unveiled the latest version of Firefox 38.0 FINAL for desktop, with Firefox for ...
Latest Comments
Polls
Should Optus make a bid for iiNet?

   |   View results
Yes
  43%
 
No
  57%
TOTAL VOTES: 566

Vote