Microsoft may buy Yammer for $1.2 billion

Microsoft, in an attempt to boost the services of its Office software might buy business social networking site, Yammer. According to the Wall Street Journal, Yammer has agreed to sell itself to Microsoft for $1.2 billion. Launched in 2008, Yammer essentially sets up private social networks within corporate offices. A part of its services, as a social network also include internal file sharing and communications service. While Yammer is in no way a real threat to Microsoft (like perhaps Instagram may have been to Facebook), it connects to several Microsoft programs, like Outlook and SharePoint. Yammer, can of course lend its services over to Microsoft to make a more complete Office package. The acquisition, however, is not confirmed and neither Microsoft representatives, nor Yammer reps have made any comments on the matter. Click here for full story