Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Campaign Polling
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Anatole Kaletsky
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Frederick Kempe
Christopher Papagianis
Mark Leonard
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (1)
Slideshow
Counterparties: Today's Best Links
The world's billionaires, in one chart
It's not just how many billionaires a country produces, it's how their wealth is made, according to a revealing new analysis. Read more at Counterparties
Old vs. Young: America's economic resource battle
Soros warns Europe. Again.
Sign up for the Counterparties newsletter!
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Raging Colorado wildfire grows near US Air Force Academy
|
25 Jun 2012
Raging Colorado wildfire grows, threatens gated community
|
25 Jun 2012
Arizona governor hails immigration ruling, opponents dismayed
25 Jun 2012
Three dead in Mexico airport gunfight between police
12:23am EDT
Texas grid sets June power record, urges conservation
25 Jun 2012
Discussed
128
Obama campaign requests outside Republican group disclose donors
119
House panel to vote on Holder contempt charge: aide
91
California tobacco tax hike narrowly defeated at polls
Watched
Fatal shooting at Mexico City airport
Mon, Jun 25 2012
Wildfires rage in Colorado
Mon, Jun 25 2012
Jim O’Neill: Everyone could be "taken down" by euro crisis - Freeland File
Mon, Jun 25 2012
Pictures
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
Battleground Arizona
A look at the fight over Arizona's controversial immigration law. Slideshow
Best of Euro 2012
Highlights from all the Euro 2012 action. Slideshow
Microsoft to buy Yammer for $1.2 billion
Tweet
Share this
Email
Print
Related News
Microsoft to buy Yammer for $1.2 billion
Mon, Jun 25 2012
Facebook will change ad service to settle lawsuit
Thu, Jun 21 2012
Microsoft brings phone software closer to Windows
Wed, Jun 20 2012
Microsoft tackles iPad with Surface tablet
Tue, Jun 19 2012
Microsoft tablet promising, but risks remain
Tue, Jun 19 2012
Analysis & Opinion
Microsoft tablet suffers from lack of greatness
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 »
Media »
Facebook »
1 of 2. Yammer CEO David Sacks (L) and Microsoft CEO Steve Ballmer shake hands after announcing Microsoft will acquire Yammer for $1.2 billion cash in San Francisco, June 25, 2012.
Credit: Reuters/Lou Dematteis/Microsoft/Handout
By Bill Rigby
SEATTLE |
Mon Jun 25, 2012 9:39pm EDT
SEATTLE (Reuters) - Microsoft Corp agreed to buy online social network firm Yammer Inc for $1.2 billion in cash, which will allow the software company to offer a service like Facebook Inc's to corporate customers.
Talk of a deal had circulated earlier this month, but the two companies only confirmed an agreement on Monday.
Four-year-old Yammer, which has 5 million users of its private, in-company social networks, helps companies' internal communications and collaboration by allowing employees to form groups and interact with each other freely. Companies such as Ford Motor Co, Supervalu and Deloitte are customers.
The 400-employee firm will keep its headquarters in San Francisco but will become part of Microsoft's Office unit under Kurt DelBene in Seattle. Yammer will still be led by current CEO David Sacks, a former PayPal executive.
The service should fill a growing gap that Microsoft was struggling to fill with its SharePoint application for creating private websites for intra-company projects.
"This acquisition will immediately make Microsoft a strong competitor in the enterprise social market," said Larry Cannell, an analyst at tech research firm Gartner. "It was a stretch to call the capabilities in SharePoint's MySite feature a social network site."
With Yammer, employees can use a private, online company directory to contact co-workers, form networks, chat, share links and post news. A basic version of Yammer is free, but a subscription buys more security and integration with other company-wide software. Yammer's subscription-based business model makes it different from ad-driven network companies like Facebook or LinkedIn Corp.
The deal, which values Yammer's users at about $240 each, may ignite interest in companies offering similar services, such as Salesforce.com Inc, Jive Software Inc and Telligent.
The area of internal networking for companies has attracted other big tech companies such as Cisco Systems Inc, which has a similar offering to Yammer called WebEx Social, and International Business Machine Corp with a rival product called Connections.
Microsoft, which owns a small fraction of Facebook shares, has been looking for ways to make its desktop-bound products more interactive and attractive to its core corporate users and home consumers, and has even been experimenting with its own social network called So.cl (pronounced 'social').
Last year it paid $8.5 billion to buy online chat company Skype, which it is integrating into its offerings, including the next version of Office.
Microsoft's Office suite of applications - including Outlook email, Excel spreadsheets and PowerPoint presentation program - is the bedrock of most companies' day-to-day working software.
The Office unit is Microsoft's most profitable, contributing 60 percent of its profit last year, and amassing more sales than its flagship Windows operating system.
Microsoft closed down 2.7 percent at $29.86 on Nasdaq.
(Additional reporting by Sayantani Ghosh. Editing by Gerald E. McCormick, Tim Dobbyn and Bernard Orr)
Tech
Deals
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review
Inflows Outflows
Media
Facebook
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 (1)
thismarty wrote:
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.