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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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Published In: Firm Marketing Updates, Professional Practice Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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