Fox Interactive Media on Monday said it selected Google Inc. (GOOG.O) as MySpace.com’s search system in a multiyear search and advertising deal that also covers some of Fox’s other properties.
The deal ends months of speculation about which big search company, also including Yahoo Inc. (YHOO.O) and Microsoft Corp. (MSFT.O), would serve MySpace’s popular online teen hangout.
As part of the deal, Google is expected to pay Fox at least $900 million 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.
Currently, MySpace search results were being delivered through a Yahoo partner. TechCrunch has more and a pointer to the formal News Corp. press release which lists all the properties covered by the deal which starts delivering search results in 4Q2006.