Microsoft Acquisition of Hotmail: A Success Story of Sabeer Bhatia
Saturday, 14 September 2024, 19:37
Revolutionizing Online Communication
In 1996, Sabeer Bhatia launched Hotmail, a groundbreaking email service that captivated users with its free model and 2 MB storage. Hotmail quickly emerged as a dominant player, challenging Yahoo Mail and RocketMail.
The Microsoft Acquisition
In a strategic move, Microsoft acquired Hotmail for $400 million, with venture capital backing from Draper Fisher Jurvetson. This acquisition not only solidified Microsoft's presence in the email market but also propelled Bhatia into tech stardom.
Impact on Email Services
- Transformed online messaging
- Set a precedent for tech acquisitions
- Laid groundwork for Outlook.com and Gmail
- Increased email storage
- Innovated user experience
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.