Social networking is essential for business

Businesses must work on fitting around a changing landscape known as "shareconomy" or risk being left behind, Ovum has warned. The analyst company said that in the future employees will face a different way of working life, never tethered to one location and able to share and access knowledge more easily.

Microsoft confirms Yammer acquisition

As expected, Microsoft's announced that it's buying business social networking site Yammer, for $1.2 billion in cash.

Microsoft eyes social network purchase

Microsoft's reported to be on the point of buying business social site Yammer for more than $1 billion.

Yammer offers bonuses to defecting Yahoo staff

There may not be a great deal of work being done at Yahoo's Sunnyvale headquarters today, as staff frantically update their resumes.