Google signs $900m deal with MySpace.com
Google Inc. on Monday agreed to pay News Corp. $900 million over three years to provide search and distribute advertising on the popular social network MySpace.com and the rest of the media company's Fox online network.
Under the agreement, Google, based in Mountain View, Calif., would be the exclusive provider of text-based advertising and keyword-targeted ads on the Fox Interactive Media network. It would also have the right of first refusal on display advertising sold through third parties.
In return, Google would make guaranteed minimum revenue share payments to News Corp. of $900 million over a period beginning in the first quarter of next year to the end of the second quarter in 2010. The payments would be based on Fox achieving certain traffic and other commitments. InformationWeek | Google | Google To Pay $900M To Provide Search For MySpace.com | August 7, 2006
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