Microsoft buys Yammer in $1.2 billion takeover bid

Following last year's $8.5 billion Skype takeover, Microsoft has got its checkbook out again, snapping up Yammer for a hefty $1.2 billion

 

Microsoft is once again splashing the cash with the tech giant confirmed to have forked out $1.2 billion (£770m) for the acquisition of Yammer, a service that allows businesses to create their own social networks.

Whilst Microsoft has revealed it is to keep Yammer running as a stand-alone service, it is believed the Windows OS behemoth will look to partner its existing service and solutions, such as Skype and Microsoft Office, with the social start up.

Founded in 2008 Yammer has risen to prominence in recent years with more than 200,000 business clients and 5 million corporate users seeing the service provide bespoke social offerings for high-profile clients such as Ford, Vodafone and eBay.

"The acquisition of Yammer underscores our commitment to deliver technology that businesses need and people love,” said Microsoft CEO Steve Balmer. "Yammer adds a best-in-class enterprise social networking service to Microsoft's growing portfolio of complementary cloud services."

Seemingly content with the lucrative takeover, Yammer CEO David Spacks added: "When we started Yammer four years ago, we set out to do something big. We had a vision for how social networking could change the way we work.

"Joining Microsoft will accelerate that vision and give us access to the technologies, expertise and resources we'll need to scale and innovate."

Does this takeover hint at Microsoft edging closer to the social networking realms or is it simply money at stake? Share your thoughts on the matter via the T3 Twitter and Facebook feeds.

Via:TechRadar

Subscribe to T3 Magazine

T3 Magazine Cover 197
Subscribe to T3 Magazine

You can read all about the tech banned in Germany in the latest issue of T3 which is out now

Comments

Be the first to comment…

Back to top
Close
T3 Newsletter
Sign up to recieve the T3 newsletters by entering your details below

Your Details

As you're registering with us. we'd like to think that you'd enjoy receiving the following emails; if you'd rather not receive them, please untick the boxes:

I would like to receive other emails from T3, Future Publishing Limited and it's group companies containing news, special offers and product information
I agree to the terms of use and privacy policy and confirm that I am over 16 years of age *
Close
Log in or Join

By clicking below you agree to our terms and conditions and our privacy policy

Log in to T3.com with your preferred social network

Log in with your T3.com account

CloseJoinPlease complete these additional details

Join T3.com with your preferred social network

OR

Join T3.com

Please tick this box to confirm you are 16 years old or over

Just so we know you're human

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Close Edit your profile

Change your password

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Social networks

You have authorised these social networks to interact with your T3.com account.

Please ensure you deactivate or revoke access to this website from within your social networks settings to ensure all permissions are removed.

Close Forgotten your password

Forgotten your password?

Please enter the email address that you used to sign up and we'll send you a new password

Close
Forgotten password
Don't have a T3 Account? Join now