Microsoft has confirmed it has finalized the purchase of enterprise social network Yammer Inc. The deal will close at 1.2 Million dollars in cash. The purchase came a few weeks after an enormous amount of speculation from critics and investors that the Software giant should acquire the small social network.
“The acquisition of Yammer underscores our commitment to deliver technology that businesses need and people love,” said Steve Ballmer, CEO, Microsoft. “Yammer adds a best-in-class enterprise social networking service to Microsoft’s growing portfolio of complementary cloud services, “
In their typical bravado fashion, Microsoft released an infographic, detailing the many ways both companies will benefit from the acquisition. Feel free to take a look at it…..
- Microsoft agrees to $1.2bn purchase of Yammer (microsoft.com)
- Microsoft purchases Yammer for $1.2 billion (theverge.com)