Microsoft completes Yammer acquisition for $1.2 billion

Yammer will be integrated into the next version of Office
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Microsoft has today announced that it has now officially completed the acquisition of Yammer.

The four-year-old social network for enterprises cost Microsoft $1.2 billion.

Microsoft revealed that the next version of Office will have Yammer integrated into it, however a blog post by Yammer announcing the finalisation of the deal states that: "Under Microsoft, Yammer will remain a stand-alone product with a freemium business model."

All the closing conditions have been met and the Yammer team will now officially join the Microsoft Office division.

"We couldn’t be more pleased to welcome the Yammer team to the Microsoft Office division. We’re excited about the road ahead. We look forward to accelerating the adoption of Yammer’s standalone service, and enhancing the social capabilities in Microsoft’s communication and collaboration offerings," commented Jared Spataro, senior director of Microsoft's Office division on the Official Microsoft Blog.

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