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Report: Yammer Being Acquired By Microsoft

socalTECH

Yammer , the business focused micromessaging service which started as an offspring of Los Angeles-based family tree and genealogy site Geni , is reportedly in the last legs of a deal to be acquired by Microsoft for more than $1 billion. According to Bloomberg and other sources, the deal is expected to be announced as early as Friday.

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Yammer Acquired By Microsoft For $1.2 Billion

socalTECH

Yammer , the business focused micromessaging site patterned after Twitter, and spun out of Hollywood-based genealogy site Geni , has been acquired by Microsoft for $1.2 Yammer, which was headed by David Sacks, will become part of the Microsoft Office Division. billion in cash, Microsoft confirmed Monday.

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Yammer Dwarfs Parent Geni In Fundraising Round

socalTECH

In the case of the kid getting much (much) larger than its parent, Yammer , the one time spinout of Los Angeles-based genealogy and family tree website Geni , has now squarely out-raised venture capital than its parent firm, saying Wednesday that it has raised an $85M funding round. Geni is, however, an original investor in Yammer.

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Yammer Adds Groups Functionality

socalTECH

Los Angeles-based Yammer, the corporate focused instant messaging service spun out of Geni.com, said today that the firm is updating its service and adding a new groups feature. According to Yammer, its new Groups feature allows messages and members on the site to be managed around specific groups within companies.

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Geni, Yammer Both Raise Funding

socalTECH

West Hollywood-based Geni, and instant messaging spinout Yammer have both raised $5M in funding from the firms' existing backers, Charles River Ventures and the Founders Fund, according to regulatory filings and reports. Geni and Yammer have both been fundraising since the middle of last year. READ MORE>>.

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Yammer Bails On Los Angeles, Heading To Silicon Valley

socalTECH

West Hollywood-based Yammer , the corporate microblogging site inspired by Twitter, is moving from the Los Angeles area to Silicon Valley, according to founder David Sacks. Sacks said that Geni, which spun out Yammer, remains in West Hollywood. Sacks said that Geni, which spun out Yammer, remains in West Hollywood. READ MORE>>.

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Microsoft’s $1.2 Billion Acquisition of Yammer Complete

Tech Zulu Event

Microsoft in late June announced to have acquired social network for enterprises Yammer at $ 1.2 He says,” all closing conditions for Microsoft’s acquisition of Yammer have been met, and the deal is completed”. He says,” all closing conditions for Microsoft’s acquisition of Yammer have been met, and the deal is completed”.

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