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It’s Official: Microsoft Confirms It Has Acquired Yammer For $1.2 Billion In Cash | TechCrunch

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There is a large opportunity for startups - enterprise social apps.

They bought them for 1.2 instagrams.

Sweet, that's 2 billion dollar social media exits this year.

Three if you include the Facebook IPO.

It's not exactly 1.2 instagrams... MSFT paid cash, not 1% of FB :)

Math problem: what share price will Facebook need to get to for Instagram and Yammer to have sold for the same amount?

Answer: It doesn't matter! They're all winners as far as I'm concerned.