MS to buy Hotmail free e-mail service

Microsoft is spending its way to Internet power once again by acquiring leading free e-mail provider Hotmail.
Written by Martin Veitch, Contributor

The world's largest ISV will gain access to nine million Hotmail subscribers and plans to extensively promote Hotmail via its Microsoft Network service.

Yahoo! recently bought two-year-old Hotmail's smaller rival Four11 for $92 million but Microsoft did not disclose details of the Hotmail deal.

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