News Corp. and Google Sign Search Deal

NEWS Corporation's online US arm has selected Google as MySpace.com's search system in a search and advertising deal that also covers other websites. the company said overnight.

The deal ends months of speculation about which big search company, also including Yahoo and Microsoft, would provide the service to News Corp's Fox Interactive Media, which houses the company's US websites.

As part of the deal, Google is expected to pay Fox at least $US900 million ($1.18 billion) in revenue share payments based on certain traffic and other commitments promised by Fox. These payments are expected to be made from the first quarter of 2007 to the second quarter of 2010.The agreement calls for Google to power web, vertical and site specific search for MySpace.com and the majority of Fox Interactive's websites.

http://www.news.com.au/business/story/0,23636,20056163-462,00.html