I hope hotmail will stay the same.
It would be a bad decision on Microsoft's behalf if they do migrate because Hotmail is extremely popular
When Microsoft buys Yahoo will Hotmail stay up, or will they 'migrate'?
First Yahoo turned down Microsoft's first offer so there may not even be a sale. There is no way to know what will be done about anything. My guess is that the best of both systems would be combined and the same addresses would remain. There is no way to reassign millions of people new email addresses.
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