UPDATE 3-Microsoft to buy Yammer for $1.2 billion

Newswire

* Microsoft looks to beef up social offerings * Yammer will become part of Office unit * Microsoft shares close down 2.7 pct (Adds byline, analyst comments, background) By Bill Rigby SEATTLE, June 25 (Reuters) - Microsoft Corp agreed to buy online social network firm Yammer Inc for $1.2 billion in cash, which will allow the software company to offer a service like Facebook Inc's to corporate customers. Talk of a deal had circulated earlier this month, but the two companies only confirmed an ...

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