Jive (JIVE) Slows Step as Microsoft (MSFT) Bags Yammer
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Following an impressive run on Thursday, Jive Software (Nasdaq: JIVE) shares are doing more of a foxtrot Friday as investors "buy the rumor" and "sell the news." Er, or do nothing on the news, happy with a massive stock appreciation the prior session.
According to a report from the WSJ, Microsoft (Nasdaq: MSFT) might have already agreed to acquire social business software company Yammer for $1 billion.
Speculation of the takeover sent Jive stock up over 11 percent Thursday, the highest levels in about a month. The move pushed Jive's market cap to just over $1 billion.
For those not in the know, Jive Software also focuses on "social networking for the enterprise," basically a direct competitor to Yammer.
According to a report from the WSJ, Microsoft (Nasdaq: MSFT) might have already agreed to acquire social business software company Yammer for $1 billion.
Speculation of the takeover sent Jive stock up over 11 percent Thursday, the highest levels in about a month. The move pushed Jive's market cap to just over $1 billion.
For those not in the know, Jive Software also focuses on "social networking for the enterprise," basically a direct competitor to Yammer.
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