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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]
He, along with his colleague Jack Smith, set up Hotmail on 4 July 1996, American Independence Day, symbolizing "freedom" from ISP-based e-mail and the ability to access a user's inbox from anywhere in the world. [7] As president and CEO, Bhatia led Hotmail until its eventual acquisition by Microsoft in 1998 for an estimated $400 million.
MSN is based in the United States and offers international versions of its portal for dozens of countries around the world; [3] its dedicated app is currently available for Android and iOS systems. MSN originally launched on August 24, 1995, alongside the release of Windows 95 , [ 4 ] as a subscription-based dial-up online service called The ...
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]
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.
Amazon is the Internet company with the highest revenue, at $469.82 billion in 2021. [1] [2]This is a list of Internet companies by revenue and market capitalization.The list is limited to dot-com companies, defined as a company that does the majority of its business on the Internet, with annual revenues exceeding US$1 billion.
Microsoft Corporation is an American multinational technology conglomerate headquartered in Redmond, Washington. [2] Founded in 1975, the company became highly influential in the rise of personal computers through software like Windows, and the company has since expanded to Internet services, cloud computing, video gaming and other fields.