Business “Social Site” Yammer Being Sold to Microsoft

Yammer will get a reported 1.2 Billion dollars in it’s sale to M$. Insiders suspect Microsoft is trying to shore up its Office product to update it to use social components. Yammer is sort of a “Facebook for Business.” I have an account there and watch discussions between fellow virtualization geeks. In the last nine months, Microsoft revenue from their Office product division is 17.7 Billion.