Microsoft nears deal to buy Yammer - Source

Advertisement
By Reuters | Updated: 18 June 2012 11:01 IST
Microsoft Corp is close to buying business software company Yammer Inc for more than $1 billion, according to a source familiar with the details.

Microsoft's interest in Yammer, known for its social networking functions, could allow the software giant to beef up its offerings for corporations.

A Microsoft spokesman declined to comment. A representative from Yammer did not immediately respond to a request for comment.

Backed by PayPal co-founder and Facebook investor Peter Thiel, Yammer said it counts more than 80 percent of Fortune 500 companies as clients. It raised more than $140 million in venture capital funding.

Advertisement

Bloomberg, which first reported the deal, said the announcement about the transaction was expected at the end of June.

Advertisement

Copyright Thomson Reuters 2012

 
Post your comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Facebook, Microsoft, Paypal, Yammer Inc
Call app could lift Facebook sales: VOIP firm Rebtel
Samsung Galaxy S III review
Advertisement

Related Stories

Facebook Is Trying to Bring Back Pokes Playing on the 2010s Nostalgia
5 September 2025
WhatsApp Said to Be Testing Feature That Lets You Import Profile Photos from Facebook or Instagram
28 July 2025
Meta Introduces Stringent Measures Against Unoriginal, Improperly Reused Facebook Content
15 July 2025
Meta Verified Users Claim ‘Useless’ Customer Support Amid Account Bans Despite Paying for Subscription
3 July 2025
Facebook Reportedly Asking Users Access to Private Media in Camera Roll for Meta AI Features
30 June 2025
Popular on Gadgets
Latest Gadgets
Popular Mobile Brands
#Trending Stories
  1. Vivo Y31 Series With 6,500mAh Battery Launched in India: See Price
  2. Samsung Begins Rolling Out One UI 8 Update to the Galaxy S25 Series
  3. Flipkart Big Billion Days Sale: Discounts on Motorola Phones Announced
  4. iOS 26 Update Brings These New Features to AirPods Pro 3, Pro 2, AirPods 4
  5. Samsung Galaxy S25 FE With 50-Megapixel Camera Launched in India: See Price
  6. Check What's New for Your iPhone in Apple's Latest iOS 26 Update
  7. Vivo V60e 5G Design, Price Leaked; May Use Same Chip as Vivo V50e
  8. iQOO 15 Live Image Leaked; Company Reveals Display Details
  9. Oppo F31 Pro+ 5G Review
  10. GTA 6 Will Be the 'Largest Game Launch in History', Says Rockstar Games
#Latest Stories
  1. American Express Launches NFT Passport Stamps to Commemorate Travel Memories
  2. Huawei Watch GT 6, GT 6 Pro Price, Specifications Leak Ahead of September 19 Launch: Report
  3. iPhone 17 Pro Max in Cosmic Orange Colourway Reportedly Out of Stock in the US, India
  4. Samsung Galaxy Tab A11, Galaxy Tab A11+ Leaked Renders Hint at Design, Specifications
  5. Apple Adds New and Upgraded Apple Intelligence Features for iPhone, iPad and Mac Devices
  6. MediaTek Dimensity 9500 Launch Date Announced; Company Designs Its First Chip Using TSMC’s 2nm Process
  7. Vivo V60e 5G Design, Price in India Leaked; Said to Feature 6,500mAh Battery, Dimensity 7300 SoC
  8. Flipkart Big Billion Days Sale: Poco F7 5G Price to Drop Under Rs. 30,000, Discounts on Poco X7, M7 Series Revealed
  9. Bitcoin Holds Near $115,800 as Altcoins Face Selling Pressure
  10. GTA 6 Will Be the 'Largest Game Launch in History', Says Rockstar Games
Gadgets 360 is available in
Follow Us
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.