Microsoft: Internet Startup

Yammer Dept: SAN FRANCISCO - Microsoft is buying Internet startup Yammer for US$1.2 billion in an attempt to bring Facebook-like sharing features to its widely used suite of business software applications, according to Winnipeg Free Press. The deal, announced Monday, comes nearly two weeks after word of Microsoft's negotiations with Yammer first leaked out in published reports and fILE- In this Monday, June 18, 2012, file photo, Microsoft CEO Steve Ballmer unveils its"Surface", a new tablet computer to compete with Apple's iPad at Hollywood's Milk Studios in Los Angeles. Microsoft announced Monday, June 25, 2012, that is paying $1.2 billion to buy Yammer, an Internet startup that has built a social network similar to Facebook for the business world. AP Photo/Damian Dovarganes, File Yammer specializes in creating private social networks so employees within the same company can keep tabs on what colleagues are working on. That's similar to how Facebook's online social network allows friends and families to track what's happening in each other's personal lives. (www.immigrantscanada.com). As reported in the news.