Microsoft Corp. (MSFT) agreed to buy corporate social-network operator Yammer Inc. for $1.2 billion in cash to help it woo businesses with Facebook-like tools that help employees collaborate in the workplace.
San Francisco-based Yammer will become part of Microsoft’s Office division and the team will continue to report to current Yammer Chief Executive Officer David Sacks, the companies said [yesterday] in a statement.
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http://www.bloomberg.com/news/2012-06-25/microsoft-agrees-to-acquire-yammer-for-1-2-billion-in-cash.html
