Yammer, a social networking site designed for “company collaboration, file sharing, knowledge exchange and team efficiency”, has been sold to Microsoft for $1.2 billion. The company, which is four years old and has five million users, is used by firms including the motor giant Ford and the business services firm Deloitte. It is thought that Microsoft will use the new acquisition to enhance its range of office software.
Commenting, Yammer’s chief executive David Sacks said “When we started Yammer four years ago, we set out to do something big. We had a vision for how social networking could change the way we work. Joining Microsoft will accelerate that vision and give us access to the technologies, expertise and resources we’ll need to scale and innovate.”
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