Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Message of humility
A religious fraternity in Rio considers the election of Pope Francis, a confirmation of their beliefs in poverty and simplicity. Slideshow
Sponsored Links
Microsoft to buy Yammer for more than $1 billion: WSJ
A variety of logos hover above the Microsoft booth on the opening day of the International Consumer Electronics Show (CES) in Las Vegas January 10, 2012.
Credit: Reuters/Rick Wilking
(Reuters) - Business software company Yammer Inc has agreed to sell itself to Microsoft Corp for more than $1 billion, the Wall Street Journal reported, citing a person familiar with the matter.
It was not certain when the deal would be completed and formally announced, the Journal said.
San Francisco-based Yammer declined to comment, while Microsoft could not be reached for comment outside regular U.S. business hours.
Yammer, which began in 2008 and provides enterprise social networking services, has raised more than $142 million in venture capital funding.
It says it counts more than 80 percent of Fortune 500 companies as clients, and is backed by PayPal co-founder Peter Thiel, who also invested in Facebook.
(Reporting by Jochelle Mendonca in Bangalore; Editing by Ian Geoghegan)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters