Microsoft Rumored to Buy Nook Media and E-readers for $1 Billion

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Microsoft to Buy Yammer for $1 Billion

Facebook isn’t the only company that has billions to toss at innovative young tech startups; late last night, the Wall Street Journal claimed that Microsoft flexed its money muscle at Yammer, an enterprise-focused social networking and collaboration service that reportedly agreed to sell itself to Redmond for a cool $1.2 billion.

Yammer’s software lets team members communicate as well as collaborate, thanks to its file-sharing capabilities; think of it as a mixture of Facebook and a traditional wiki.

Microsoft is likely looking to integrate Yammer’s chat-like service into SharePoint or the Office suite. Plus, Yammer itself acquired an Office-friendly company called OneDrum back in April. OneDrum’s software adds Dropbox-like synchronized file sharing and Google Docs-esque real-time collaboration to Microsoft Office. Both functions would obviously add a lot of extra value to the core product.

Neither Microsoft nor Yammer have commented on the rumored acquisition, and the Wall Street Journal says that it’s “unclear when the Yammer acquisition will be completed and announced.”

Image credit: Yammer

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Breaking: Facebook Buys Instagram for $1 Billion

Facebook just announced – in a post on Mark Zuckerberg’s profile – that it has bought Instagram for $1 billion dollars in cash and shares. This is Facebook’s largest acquisition to date, coming just ahead of its highly anticipated IPO.

Kevin Systrom, CEO of Instagram, assured fans in his own post that Instagram will remain running and the service is “not going away.” It’s been 551 days since the addictive photo app and social network was born, and the company still has only 13 employees.

Instagram investors have just gotten very lucky, too. According to CNN Money, the company had raised $47 million in venture capital funding — including a recent $40 million round in new funding  – bringing the total valuation up to $500 million last month. This means that investors have just gotten a 2x ROI in a few short weeks.

Regarding the app’s evolving features, Zuckerberg says, “We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.”

via Facebook and Instagram Blog

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