Microsoft to buy Yammer for $1.2 billion

Microsoft Corp agreed to buy online social network firm Yammer Inc for $1.2 billion in cash, which will allow the software company to offer a service ...

June 26, 2012 / 10:00 IST

Microsoft Corp agreed to buy online social network firm Yammer Inc for $1.2 billion in cash, which will allow the software company to offer a service like Facebook Inc's to corporate customers. Talk of a deal had circulated earlier this month, but the two companies only confirmed an agreement on Monday.

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