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It is reported that Microsoft is buying Yammer for $1.2B. What is Yammer? It is known as the “Facebook for the business world.” Yammer provides ways for companies to create private social networks for their employees. It has more than 5 million corporate users.

Their press release reads, “The acquisition represents Microsoft’s latest attempt to adapt a major shift in technology industry, one that is fueling demand for more internet services and social networking tools.”

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