Microsoft’s acquisition of Yammer has closed today. The acquisition has been approved by all relevant regulatory authorities, and the money has been transferred. Yammer CEO David Sacks must be a pretty happy guy right about now.
Wanda, Tencent, and Baidu have partnered to create an $814 million e-commerce network in China, the companies have announced. Wanda will own 70 percent of the new company; Tencent and Baidu will each own 15 percent. The company will debut later this year. [Source: Reuters]