NEW YORK -- Yammer agreed to sell itself to Microsoft (MSFT) for $1.2 billion, The Wall Street Journal reported, citing a person familiar with the matter.
It's unclear when the acquisition of Yammer, the business-software company, will be completed and announced, said a person familiar with the deal, the Journal reported.
Yammer is often called Facebook for the workplace because it creates private social networks inside companies, the newspaper noted.
Dell (DELL) is the "strategic bidder" that offered to buy Quest Software (QSFT) for $2.15 billion in cash, sources familiar with the matter told Reuters. PC maker Dell is the unidentified company mentioned in a statement made by Quest, which disclosed on Thursday that it had received an offer from a "strategic bidder" of $25.50 a share, Reuters said. The reported Dell bid tops an earlier offer of nearly $2 billion from private investment firm Insight Venture Partners. Shares of Quest Software gained more than 9% Thursday to finish at $26.06. Dimon's Political Victory Rings Hollow for Shareholders: FBR
United Technologies (UTX) received conditional approval from China for its $16.5 billion takeover of Goodrich (GR), the maker of aircraft parts. Goodrich will be forced to divest its electrical power generation and transmission systems businesses and should sell 60% of joint venture Aerolec within six months, said China's Commerce Ministry. Shrewd Apple Means Never Having to Say Sorry
Best Buy (BBY) shares rose more than 2% Thursday following an upgrade by Citigroup. Citigroup changed its rating on the consumer electronics retailer to neutral from sell. Best Buy shares are down 35% this year. Are Cash Cows Killing America?
Seagate Technology (STX) said Thursday it reached a deal to acquire a controlling interest in storage device maker LaCie.
The Federal Reserve said that the U.S. government bailout funding that went to American International Group (AIG) has been repaid, according to Bloomberg. Shares of AIG ticked up 12 cents, or 0.39%, to $31.15 in premarket trading Friday. -- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV