Microsoft to buy Yammer for more than $1 bln - WSJ
June 14 (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.
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Pope Francis named Time's Person of the Year |
- Uruguay becomes first country to legalize marijuana trade
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls