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Microsoft to acquire Yammer for $1.2 billion

Microsoft Corporation has agreed to buy internet start-up
Yammer for $1.2 billion in an attempt to bring Facebook-like sharing features
to its widely used suite of business software applications. Yammer specializes
in creating private social networks so employees within the same company can
keep tabs on what colleagues are working on.

Microsoft Corporation has agreed to buy internet start-up
Yammer for $1.2 billion in an attempt to bring Facebook-like sharing features
to its widely used suite of business software applications. Yammer specializes
in creating private social networks so employees within the same company can
keep tabs on what colleagues are working on.

Microsoft will have much of the same autonomy given to Skype
since that deal closed eight months ago. Yammer, which has 5 million users  will become part of Microsoft’s Office unit
under Kurt DelBene and will continue to be run from its San Francisco
headquarters by its co-founder and CEO, David Sacks. It will also continue to
provide its services separately from Microsoft’s offerings.

When it started in 2008, Yammer raised its
initial funding from Peter Thiel Facebook’s first major investor.  Thiel
formerly worked with Sacks while they were both executives at PayPal, an
online payment service that eBay Inc. bought for $1.5 billion in 2002.

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