August 7 2006

Fox: $1 billion Search Deal with Google

Marshall Kirkpatrick

94 comments »

Fox Interactive Media has entered into a nearly $1 billion, 3+ year deal with Google to exclusively power search across most Fox online sites, including Myspace. The partnership will begin in the fourth quarter of this year and extend though the second quarter of 2010.

Teams from Google and Fox say they have been working nonstop for five days to nail down the details on the deal, which was just signed early this morning.

Google will be obligated to make guaranteed minimum revenue share payments to Fox Interactive Media of at least $900 million based on Fox achieving certain traffic and other commitments...