Microsoft planning to acquire social network Yammer for $1bln: Report

Jun 14, 3:32 pm

Washington, June 14 (ANI): Software giant Microsoft is in talks to acquire a social network for businesses , for over one billion dollars, according to a report.

A Bloomberg reported, citing unidentified sources, said that a deal for Yammer could be sealed as soon as today.

Yammer was founded by David Sacks, the former chief operating officer at PayPal, in 2008.

According to the Telegraph, the site is currently used by over 200,000 companies, including Ford and eBay.

Unlike Twitter, which is used for broadcasting messages to the public, Yammer is used for private communication within companies.

The social network operates as a freemium service, offering a basic free service, as well as a premium version of the service for five dollars per user per month.

Meanwhile, Frank Shaw, a spokesman for Microsoft, has declined to comment on the latest report. (ANI)

Microsoft, social network, Yammer, businesses

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