According to Bloomberg, Microsoft is in talks to buy social media software company, Yammer. The deal is expected to cross $1 billion.
It was not certain when the deal would be completed and formally announced. Nobody from the both companies are ready to comment on this deal
Yammer provides Facebook like software to organizations which allow employees post news, share link and ask questions. This software made the company popular. Yammer says its social networks are used by more than 200,000 companies worldwide. It also says that it counts more than 80 percent of Fortune 500 companies as clients.
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About the Author: Deepanker Verma
Deepanker Verma is the Founder and Editor-in-Chief of TechloMedia. He holds Engineering degree in Computer Science and has over 15 years of experience in the technology sector. Deepanker bridges the gap between complex engineering and consumer electronics. He is also a a known Security Researcher acknowledged by global giants including Apple, Microsoft, and eBay. He uses his technical background to rigorously test gadgets, focusing on performance, security, and long-term value.
