Sealing The Deal: Orrick Reps Yammer In $1.2B Microsoft Sale

Law360, New York (July 27, 2012, 3:54 PM EDT) -- Yammer Inc. notched one of the social media world's biggest-ever exits when it buttoned up a $1.2 billion sale to Microsoft this month, guided by an Orrick Herrington & Sutcliffe LLP team that used its relationship with the company to harness the resurging startup market.

The purchase price for the workplace social network — rivaled only by Facebook Inc.'s $1 billion buy of photo-sharing site Instagram — indicates a percolating startup market, reawakened post-recession with a redoubled social media focus.

For the Orrick partners leading Yammer,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.