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A 2001 Hotmail inbox layout embedded in Microsoft Outlook The old MSN Hotmail inbox from 2007. Hotmail was sold to Microsoft in December 1997 for a reported $400 million (~$705 million in 2023), and it joined the MSN group of services. [18] The sale had been preceded by a major incident in 1997 where all email was lost for 25% of mailboxes. [19]
On December 31, 1997, Microsoft acquired Hotmail.com for $500 million (~$882 million in 2023), its largest acquisition at the time, and integrated Hotmail into its MSN group of services. [3] Hotmail, a free webmail service founded in 1996 by Jack Smith and Sabeer Bhatia, [4] had more than 8.5 million subscribers earlier that month. [5]
In December 1997, Bhatia sold Hotmail to Microsoft for a reported $400 million. [6] Smith went on to co-found Akamba Corporation and work as its CEO. He had also served as a Director of Engineering of Microsoft, first heading its Hotmail engineering division, and then leading a team developing next generation Internet software infrastructure. [7]
Sabeer Bhatia (born 30 December 1968) [3] is an Indian businessman who co-founded the first free web-based email service, Hotmail.com (later Outlook.com) in 1996. [4] In 2021 he co-founded ShowReel with his co-founder Aji Abraham.
MSN is a web portal and related collection of Internet services and apps provided by Microsoft.The main webpage provides news, weather, sports, finance and other content curated from hundreds of different sources that Microsoft has partnered with. [2]
Microsoft Outlook is a personal information manager software system from Microsoft, available as a part of the Microsoft 365 software suites. Primarily popular as an email client for businesses, Outlook also includes functions such as calendaring, task managing, contact managing, note-taking, journal logging, web browsing, and RSS news aggregation.
The company is headquartered in Manhattan, New York. [15] As of December 2019, the company employed about 10,350 people. [2] [16]A year after the completion of the AOL acquisition, Verizon announced a $4.8 billion deal for Yahoo!'s core Internet business, to invest in the Internet company's search, news, finance, sports, video, emails and Tumblr products. [17]
Microsoft Outlook, also referred to as the classic Outlook an e-mail client and personal information management software product from Microsoft; Outlook for Windows, also referred to as the new Outlook