Article: Google strikes deal with News Corp. for MySpace ads and searches

Saul Hansell
International Herald Tribune
08-09-2006
Google has won a bidding war to provide search services and advertising to MySpace.com, the social networking phenomenon, and other Web sites owned by News Corp.The deal promises to pay News Corp. a minimum of $900 million over three and half years, a handsome payoff for its aggressive strategy of Internet acquisitions under its chairman and chief executive, Rupert Murdoch.''In one fell swoop, we have paid for two-thirds of our Internet acquisitions,'' Peter Chernin, the company's president, told investors and reporters Monday.News Corp. paid $649 million last year to buy the parent company of MySpace. It has now spent $1.3 billion to ...

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