Yammer accepts $1.2 billion Microsoft acquisition, WSJ reports
Yammer has agreed to sell itself to Microsoft, the Wall Street Journal is reporting
Yammer has allegedly accepted an offer to sell itself to Microsoft for $1.2 billion dollars.
The social networking website, which was rumoured to be in talks with Microsoft over a potential acquisition, agreed to the offer, 'a person familiar with the matter' has claimed.
This is according to the Wall Street Journal, which said Microsoft had declined to comment and Yammer hadn't responded.
Assuming this is true, Microsoft could compliment its popular desktop Office software with social networking functionality, potentially adding more value for corporate users.
Yammer may be used in Windows Phone 8 Apollo, Windows 8 and the tablet-specific version of the latter, Windows 8 RT for the same reasons.
It may seem like a lot of money but Yammer has been gaining traction - over 200,000 companies including Ford and eBay use it, and as it's still a start-up and has yet to reach an initial public offering, the gamble could pay off in the long-term. Better to pick up these start-ups before they become much more valuable.
This isn't the first major acquisition for Microsoft in recent times. The technology giant said it was buying Skype for $8.5 billion dollars back in May 2011. So far, a Skype app has been released on Windows Phone for the popular voice over IP (VoIP) service and base-level integration has been hinted at in recently leaked images purporting to be of Windows Phone 8 Apollo.
We've approached Microsoft for comment.