Microsoft to Buy Yammer for $1 Billion

Microsoft has agreed to acquire business software company Yammer for more than $1 billion, a person familiar with the matter told The Wall Street Journal.

The report did not indicate when the acquisition is expected to be announced or completed.

Yammer representatives declined to comment.

San Francisco-based Yammer is sort of like Facebook for companies: employees can post, share, and discuss items. It’s become an integral tool for many startups, but it’s also big among larger businesses. More than 80 percent of Fortune 500 companies use Yammer. If Microsoft buys Yammer, it could help the tech titan modernize with social-enterprise tools.

Team TechPanda

Recent Posts

All our eggs in one cloud: When AWS sneezed & the Internet caught a cold

The recent service outage that Amazon Web Services (AWS) experienced in the US brought several…

3 days ago

Can AI help manage the new threat to our environment caused by AI?

Can we make data centers smart and green? Warning about AI’s electricity consumption speed was…

4 days ago

New tech on the block: Fintech, crypto, cleantech, blockchain & cybersecurity

The Tech Panda takes a look at recent tech launches. Fintech: ICICI Bank & Visa…

7 days ago

Binance’s comeback: what the October 10 crash reveals about centralized exchange risks

Without further preamble, my position is simple: CEXs don’t just parasitize cryptocurrencies, tokens, and other crypto…

2 weeks ago

Geek Appeal: New gadgets & apps on the block

The Tech Panda takes a look at recently launched gadgets & apps in the market.…

3 weeks ago