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agreed to sell itself to


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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



Yammer is often called Facebook for the workplace because it creates private social networks inside companies, the newspaper noted.


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is the "strategic bidder" that offered to buy

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Quest Software


for $2.15 billion in cash, sources familiar with the matter told



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,



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

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received conditional approval from China for its $16.5 billion takeover of



, 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

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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

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said Thursday it reached a deal to acquire a controlling interest in storage device maker




Federal Reserve

said that the U.S. government bailout funding that went to

American International Group

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has been repaid, according to



Shares of AIG ticked up 12 cents, or 0.39%, to $31.15 in premarket trading Friday.

-- Written by Joseph Woelfel

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Joseph Woelfel

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