Update: Microsoft has announced that it has signed a definitive agreement to acquire Yammer for $1.2 billion in cash. With this acquisition, Yammer team will join the Microsoft Office Division, currently headed by division President Kurt DelBene, while the team will continue to report to current Yammer CEO, David Sacks. The company also stated that Yammer now has 5 million corporate users adding 250,000 users every month, which includes employees from 85% of the Fortune 500 companies. Yammer CEO stated that Microsoft will continue to invest in developing Yammer's standalone product and over time, users can expect integrations to Microsoft SharePoint, Office 365, Dynamics and Skype. He also added that Yammer's expertise will "help shape the communication and collaboration experiences in Office 365". Earlier (June 15): Microsoft is all set to buy the enterprise social networking service Yammer for about $1.2 billion, reports The Wall Street Journal citing sources familiar with the development. This follows similar reports from Bloomberg and BusinessInsider which had previously reported similar developments citing its own independent sources. The details of the acquisition are still very sketchy yet. While WSJ stated it is not clear as to when the deal will be officially announced, Bloomberg states that the deal may happen as soon as today (June 15) following an extensive negotiation period while other media reports suggests that the deal could be announced in the upcoming Microsoft press conference, scheduled to happen on the coming Monday (June 18). Further, there is also a lot of confusion on the rumored acquisition price of Yammer at present.…
