Originally posted on VentureBeat:
YammerSoft is a go, folks.
Less than one month after officially confirming numerous reports that it was going to buy enterprise social network Yammer, Microsoft today announced that the $1.2 billion deal is in the bag.
“Today, we are pleased to announce that all closing conditions for Microsoft’s acquisition of Yammer have been met, and the deal is completed,” Microsoft senior director of Office Jared Spataro said this morning. “We look forward to accelerating the adoption of Yammer’s standalone service and enhancing the social capabilities in Microsoft’s communication and collaboration offerings.”
The deal was one of the worst kept secrets in recent Silicon Valley history, as multiple reports surfaced weeks in advance of Microsoft’s official June 25 confirmation.
While no one was surprised by the buy, many were left stumped as to why Microsoft would shell out one billion-plus in cash for a company that essentially makes a Facebook clone…
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