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The latest $1 billion darling? Say hello to Yammer.

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(Read caption) Microsoft is reportedly in talks to acquire Yammer, an enterprise social network.

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Microsoft is close to acquiring a social media platform called Yammer, in a deal that could be worth $1 billion, Bloomberg reported today. According to Bloomberg, which cited a couple sources close to the negotiations, the whole thing could go through as soon as tomorrow, meaning Yammer might well join the ranks of Instagram and OMGPOP – two other tech properties recently snapped up for serious chunks of cash. 

So hey, what's Yammer?

A social network for businesspeople, basically. It allows users to share documents or presentations on a protected network. So salesman A in Idaho can wirelessly share news of the latest conference with saleswoman B in New York, without worrying about confidential data being compromised. In Silicon Valley speak, sites like Yammer are called enterprise social networks. 


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