Microsoft is reportedly planning on buying networking company Yammer for a sum that might cross the $1 billion mark.
Yammer is a social network used primarily for businesses and Microsoft’s apparent discussions with the company may be concluded as soon as later today. Having Yammer at their disposal would permit Microsoft to offer social-networking features along with their other business-oriented products.
An unnamed source speaking to Bloomberg has set the price that Microsoft might pay for acquiring Yammer at more than $1 billion. The same source also set the possible time frame for discussions to conclude.
Source: The Verge