Microsoft Could Plunk Down $1B+ for Yammer

According to a report in Bloomberg, it looks like Microsoft (NASDAQ:MSFT) is in negotiations to pay $1 billion+ for Yammer. The company is a pioneer in social networking technologies for business. The deal could be announced tomorrow.

Over the past couple weeks, the social media space has seen several major acquisitions. For example, (NYSE:CRM) purchased Buddy Media for $745 million, and Oracle (NASDAQ:ORCL) acquired Vitrue and Collective Intellect.

So yes, Microsoft probably wants to have its own “social deal.” And Yammer is a good choice. The company’s original investor is Peter Thiel, who was also the first investor in Facebook (NASDAQ:FB). What’s more, Yammer’s CEO is a tech veteran, David Sacks, who helped to build PayPal.

The company also has a strong footprint, with usage from over 200,000 companies. Some of the names include Ford (NYSE:F) and eBay (NASDAQ:EBAY).

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