June 15, 2012
Microsoft Yammer deal in the making!
Social network startup companies continue to be prowled by giant software brand name for pick up. Yesterday, according to a report released by Bloomberg, Microsoft was next in line, where rumor had it that it was in talks to acquire Yammer, in a deal estimated at $1 billion.
In a move that would spell extending Microsoft’s corporate enterprise service line, a deal to buy Yammer would follow other recent enterprise software purchases revolving around social media, such as acquisition of Buddy Media Inc. by salesforce.com Inc and acquisition of two social media data analysis companies by Oracle Corp, namely Vitrue Inc. and Collective Intellect Inc.
Yammer which provides facebook like social services, however targeted at companies so that their employees can socially collaborate, is used by more than 200,000 companies world wide, including Ford Motor Co., DHL, and Shell among others.
According to Bloomberg, Frank Shaw a spokesman for Microsoft, declined to comment on the potential deal, so did Deanna McPherson, a spokeswoman for Yammer.
Updated: June 15, 2012 12:53 PM