Microsoft buys Yammer for 1.2 billion $

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Microsoft announced its 1.2 billion $ acquisition of Yammer. This acquisition reflects on the increasing focus on global giants on cloud services and social software business. Oracle had launched a similar offering, OracleCloud sometime back. Yammer is a social network site with around 5 million users and it is used for intra-company social networking by giants like Ford and Deloitte.

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