Microsoft seals Yammer in deal
Source: Agencies |
June 27, 2012, Wednesday
|
Print Edition
Print Edition
MICROSOFT is buying Internet startup Yammer for US$1.2 billion in a bid to bring Facebook-like sharing features to its widely used suite of business software applications.
Yammer specializes in creating private social networks so employees within the same company can keep tabs on what colleagues are working on. That's similar to how Facebook's online social network allows friends and families to track what's happening in each other's personal lives.
The deal, announced on Monday, comes nearly two weeks after word of Microsoft's talks with Yammer first leaked out in published reports.
The acquisition marks Microsoft's latest bid to adapt to a major shift in the technology industry, one that is fueling demand for more Internet-connected services and social-networking tools.
The upheaval is threatening to marginalize Microsoft Corp, the world's largest software maker, and cut the amount of money coming in from sales of its Windows operating system and a wide range of applications designed primarily for personal computers.
Microsoft paid US$8.5 billion last year for Internet video chat service Skype in the largest acquisition in its history. In another bold move, Microsoft last week unveiled its own tablet computer, Surface, to compete with Apple's iPad.
Yammer specializes in creating private social networks so employees within the same company can keep tabs on what colleagues are working on. That's similar to how Facebook's online social network allows friends and families to track what's happening in each other's personal lives.
The deal, announced on Monday, comes nearly two weeks after word of Microsoft's talks with Yammer first leaked out in published reports.
The acquisition marks Microsoft's latest bid to adapt to a major shift in the technology industry, one that is fueling demand for more Internet-connected services and social-networking tools.
The upheaval is threatening to marginalize Microsoft Corp, the world's largest software maker, and cut the amount of money coming in from sales of its Windows operating system and a wide range of applications designed primarily for personal computers.
Microsoft paid US$8.5 billion last year for Internet video chat service Skype in the largest acquisition in its history. In another bold move, Microsoft last week unveiled its own tablet computer, Surface, to compete with Apple's iPad.
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