Itβs Official: Microsoft Confirms It Has Acquired Yammer For $1.2 Billion In Cash | TechCrunch
Sergey Z stashed this in engeneering
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.