Microsoft Acquires Yammer for $1.2 Billion

The enterprise social network just got scooped up by MSFT.

Yammer CEO David Sacks (Photo: Twitter)

As has been widely rumored over the last few weeks, Microsoft entered into an agreement today to acquire Yammer, a social network for enterprise clients.

According to a press release sent out moments ago:

Microsoft Corp. and Yammer Inc. today announced that they have entered into a definitive agreement under which Microsoft will acquire Yammer, a leading provider of enterprise social networks, for $1.2 billion in cash. Yammer will join the Microsoft Office Division, led by division President Kurt DelBene, and the team will continue to report to current CEO David Sacks….

Yammer will continue to develop its standalone service and maintain its commitment to simplicity, innovation and cross-platform experiences. Moving forward, Microsoft plans to accelerate Yammer’s adoption alongside complementary offerings from Microsoft SharePoint, Office 365, Microsoft Dynamics and Skype.

Everybody get on your feet!

Microsoft Acquires Yammer for $1.2 Billion