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See the best of Reuters photography. See more The Afghan front On the frontlines of the war in Afghhanistan. Slideshow Child laborers A look at children who work to contribute to their family's income. Slideshow Microsoft to buy Yammer for more than $1 billion: WSJ Tweet Share this Email Print Related News Exclusive: Business software IPOs hope to trump market woes Fri, Jun 8 2012 Facebook shares plumb new depths, valuation questioned Tue, May 29 2012 Historic Facebook debut falls short of expectations Fri, May 18 2012 Analysis & Opinion PayPal eyes TV shopping with Comcast, Tivo Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » 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 Thu Jun 14, 2012 11:19pm EDT (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) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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