Real-time Stock quotes, portfolio, LIVE TV and more.
Jun 15, 2012, 04.02 PM IST
Business-software company Yammer Inc has agreed to sell itself to Microsoft Corp for USD 1.2 billion, says a media report.
Attributing to a person familiar with the matter, the Wall Street Journal reported, "Yammer Inc agreed to sell itself to Microsoft Corp for USD 1.2 billion."
However, it was unclear when the acquisition would be completed and announced, the report added. According to the publication, representatives of Yammer and Microsoft declined to comment on the deal.
Yammer-developed networks allow a company's employees to communicate and collaborate in a similar fashion the way Facebook works with friends.
Jun 19 2013, 16:41
- in FII View
Jun 19 2013, 12:44
- in MARKET OUTLOOK