MS to purchase free email service

Jay Thomas (
Mon, 08 Dec 1997 15:56:08 +0000

$500 million for a free email provider? I wonder how long their
service would remain "free"?

Sources say Microsoft is looking to invest in, buy HotMail
By Samuel Perry
December 8, 1997 7:56 AM PST

Microsoft Corp is willing to purchase privately-held
free e-mail provider HotMail Corp but is also willing
to invest in the company if an outright acquistition
cannot be made, sources familiar with talks
between the two companies said.

One of the sources said Microsoft has been willing
to pay "somewhere between $300 million and $500
million," or about the price Microsoft paid for
Internet TV service company WebTV this year, to
acquire HotMail.

Jay Thomas		(w)617-576-4832		ICQ:5270335
Network Manager		(b)617-546-2444		AIM:jpthomas68
I think so, Brain, but if we didn't have ears, we'd look like weasels.