Aug 06
8
Rupert Goes Google
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How about this…..
News Corp and Google get into bed together! And Rupert has now got Google to basically pay him back for his purchase and a lot more so by 2010 News Corp are more than whole! What deal makers these guys are! Wow.
News Corporation’s Fox Interactive Media and Google Inc. (NASDAQ: GOOG)
today announced a multi-year search technology and services agreement
whereby Google will be the exclusive search and keyword targeted
advertising sales provider for Fox Interactive Media’s growing network
of web properties including MySpace.com
Under the terms of the agreement, Google will be obligated to make
guaranteed minimum revenue share payments to Fox Interactive Media of
$900 million based on Fox achieving certain traffic and other
commitments. These guaranteed minimum revenue share payments are
expected to be made over the period beginning in the first quarter of
2007 and ending in the second quarter of 2010.
today announced a multi-year search technology and services agreement
whereby Google will be the exclusive search and keyword targeted
advertising sales provider for Fox Interactive Media’s growing network
of web properties including MySpace.com
Under the terms of the agreement, Google will be obligated to make
guaranteed minimum revenue share payments to Fox Interactive Media of
$900 million based on Fox achieving certain traffic and other
commitments. These guaranteed minimum revenue share payments are
expected to be made over the period beginning in the first quarter of
2007 and ending in the second quarter of 2010.