Microsoft (MSFT) Acquires Business Social Network Co. Yammer for $1 Billion
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Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.6%
Revenue Growth %: +17.7%
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The Wall Street Journal is confirming earlier reports that Microsoft (Nasdaq: MSFT) has agreed to acquire social business software company Yammer for $1 billion. The software-giant has not officially announced the deal, but it looks it's in the bag.
Yammer describes itself as a "private social network for your company."
The service is used by more than 200,000 companies, ranging from Ford Motor to eBay. The start-up was formed by former PayPal COO David Sacks, who raised more than $140 million from venture firms.
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Yammer describes itself as a "private social network for your company."
The service is used by more than 200,000 companies, ranging from Ford Motor to eBay. The start-up was formed by former PayPal COO David Sacks, who raised more than $140 million from venture firms.
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