Friday, August 18, 2006

[news] Google to pay $900M to power search and ads on MySpace

Google Inc. on Monday agreed to pay News Corp. $900 million (in guaranteed minimum revenue share payments) 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. --InformationWeek
Another "Hmmm" news. (Wow two in a row) News Corp paid < $600 million for MySpace not very long ago. Nice move, Mr. Murdoch. Now if only I can figure out his trick ..

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