Google, MySpace near new search deal

Report: Terms will be different amid MySpace traffic dip

Google and MySpace are moving closer to signing a new search deal, whose terms would be very different though from their previous arrangement, according to All Things Digital.

Under the deal, search giant Google would remain the provider of search and online advertising technology for the News Corp.-owned social networking site.

But Google won't commit to anything close to the $900 million in guaranteed payments as it did at the start of the previous deal as MySpace's traffic has declined, according to the report.

It cited sources as saying the deal with Google was not complete, but could be finalized within weeks, with other contenders Microsoft and Yahoo not looking like they will upset a new arrangement.

The previous Google-MySpace deal ended in July, but they agreed to a temporary extension.
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