Microsoft has agreed to acquire Yammer, a maker of cloud-based ESN (enterprise social networking) software, for $1.2 billion in cash, a deal rumored to be in the works for the past week and a half.
Yammer, which was founded in 2008, will continue to be led by its CEO David Sacks as it becomes part of Microsoft's Office Division, headed by President Kurt DelBene, Microsoft said on Monday.
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