Business-software company Yammer Inc. agreed to sell itself to Software giant Microsoft Corp. (MSFT) for more than $1 billion, the Wall Street Journal reported, citing person familiar with the matter.
It is unclear when the Yammer acquisition will be completed and announced, the report specified.
Bloomberg News earlier reported that Microsoft was in discussions to acquire Yammer.
San Francisco, California-based Yammer was founded in 2008 by David Sacks, the former chief operating officer of PayPal Inc. Yammer is used by more than 200,000 companies, including more than 80% of the Fortune 500.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.