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Yammer Acquired By Microsoft For $1.2 Billion

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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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Report: Yammer Being Acquired By Microsoft

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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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Geni, Yammer Both Raise Funding

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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 Adds Groups Functionality

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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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Yammer Bails On Los Angeles, Heading To Silicon Valley

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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.

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Interview with David Sacks, Geni and Yammer

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Our interview this morning is with David Sacks, CEO of Geni.com, an online family tree and social networking site, as well as Yammer, the instant messaging startup spun out of Geni.com at TechCrunch50. We're up to around 2 million users who have created 30 million profiles on the site, and it's growing very fast month over month.

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Yammer Gets Top Prize At Tech Conference

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Yammer, a Twitter-like spinout out of high profile Los Angeles genealogy firm Geni.com, has scored the top prize at the TechCrunch50 awards in San Francisco. Yammer offers instant messaging focused on internal corporate communications, and is the result of work by engineers at Geni. Geni is the online, Web 2.0-style READ MORE>>

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