Microsoft Completes Its $1.2B Yammer Acquisition

Microsoft just announced that it has now officially completed the acquisition of Yammer, the four-year-old social networking company for enterprises. All the closing conditions have now been met and the Yammer team will now officially join the Microsoft Office Division. After weeks of rumors, the $1.2 billion acquisition was first announced in late June. According to Microsoft, the company is looking forward to "accelerating the adoption of Yammer?s standalone service, and enhancing the social capabilities in Microsoft?s communication and collaboration offerings."

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