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Microsoft Buys Yammer for $1.2B

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  • Description

    FBN’s Sandra Smith on Microsoft’s deal to buy Internet startup Yammer for $1.2 billion.

  • Duration 0:59
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Good afternoon I'm Sandra Smith -- Fox Business -- -- Europe's latest efforts to quell a financial crisis bring investors in the US at this hour the Dow is down.

126.

-- a full 1% loss.

Tropical storm -- that -- names is among the 22 up hurricane season appears to be shifting away from the Gulf of Mexico reducing the chances for a sustained disruption.

-- US oil supplies at the -- the price of a gallon of regular gasoline fell by four cents over the weekend to a national average.

A three dollars 41 cents a gallon that's down for 24 cents from just one month ago experts say gas could fall by another eleven cents.

By the fourth of July.

And Microsoft -- one point two billion dollars to buy you hammer hammer is an Internet start -- that has built a social networking.

-- similar to FaceBook for the business world.

The deal comes nearly two weeks after word of Microsoft's negotiations with the ever first leaked out in --

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