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Microsoft Buys Yammer for $1.2B (SocialTimes)
Microsoft has agreed to purchase Yammer for $1.2 billion in cash. Yammer is one of the largest providers of enterprise social networks, allowing companies to implement their own Twitter-like service for their employees. Guardian The purchase of Yammer, dubbed “Facebook for the workplace,” is the latest installment in Microsoft’s bid to protect its dominant Office products from a challenge by Google.
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