Microsoft Corp. is discussing a possible acquisition of social network operator Yammer Inc., a deal that could close as soon as Friday, two people familiar with the matter told Bloomberg.
The Redmond, Washington-based software maker may pay more than $1 billion to acquire the enterprise social network service that was launched in September 2008.
Yammer, unlike Twitter, which is used for broadcasting messages to the public, is used for private communication between organizational members and pre-designated groups.
With the purchase of Yammer, Microsoft could include social networking tools to the suite of products it offers corporate customers.
Microsoft’s stock climbed 0.72 percent on Thursday to $29.34.